Business

Global stocks almost rise after US inflation rises 5% in May | National News

Germany’s DAX was up less than 0.1% to 15,577.14, and Paris’ CAC 40 was up 0.4% to 6,572.01. The UK’s FTSE 100 rose 0.5% to 7,124.05. US futures have changed little. Contracts for the S & P 500 were flat at 4,228.80. The future of the Dow Jones Industrial Average rose 0.1% to 34,376.00.

OANDA’s Jeffrey Halley said investors still seem to accept the Federal Reserve’s stance that the current inflationary trend is temporary.

“Financial markets have long raised the selective use of facts into an art form. US inflation indicators have risen again, slightly above expectations, but in reality,” Halley said in a report. Was smaller than what was recorded in April. “

Taking all the factors into account, “this was all I needed to get back to the happy place to buy everything.”

The mood was not so bright in Asia, where tensions between the United States and China are among the many factors that weigh on sentiment.

The Nikkei Stock Average in Tokyo remained almost unchanged at 28,948.73, and the Hang Seng Index in Hong Kong rose 0.4% to 28,842.13. The Seoul Composite Index rose 0.8% to 3,249.32 and the Shanghai Composite Index fell 0.6% to 3,589.75.

India’s Sensex rose 0.4%.

On Thursday, the S & P 500 rose 0.5% to 4,239.18, just above the May 7 record high. The Dow Jones Industrial Average rose 0.1% to 34,466.24. Nasdaq Composite rose 0.8% to 14,020.33, but small-cap stocks lag behind the overall market. The Russell 2000 Index fell 0.7% to 2,311.41.

Global stocks almost rise after US inflation rises 5% in May | National News

Source link Global stocks almost rise after US inflation rises 5% in May | National News

Back to top button