Stock market today: Global stocks are mixed after Wall Street edges to more records
Global stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession
HONG KONG — World stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession.
The future for the Dow Jones Industrial Average was down 0.1% while that for the S&P 500 rose 0.1%. U.S. markets are closed on Wednesday in observance of Juneteenth.
European equity markets opened lower. In London, the FTSE 100 lost 0.2% to 8,177.86 after data showed that British inflation fell to the central bank's 2% target for the first time in nearly three years. The data also backed the market’s expectation that the Bank of England would hold the rate at 5.25% in the coming meeting on Thursday.
Germany’s DAX slipped 0.1% to 18,109.65, while the CAC 40 in Paris shed 0.2% to 7,615.76.
Tokyo’s Nikkei 225 index climbed 0.2% to 38,570.76 as Japan’s trade data for May showed exports rose 13.5% while imports were up 9.5% from a year earlier, pushed higher by rising prices and the weaker value of the yen against the U.S. dollar.
Minutes from the Bank of Japan's latest policy meeting showed a debate among its decision makers over whether the yen's weakness may push inflation still higher. Governor Kazuo Ueda has hinted at raising the benchmark interest rate in coming months, depending on economic data at the time.
“Moves in the Nikkei have reflected much indecision in place, with the index trading in a broad consolidation phase thus far,” IG Asia said in a commentary.
The Hang Seng in Hong Kong added 2.9% to 18,430.39, while the Shanghai Composite index lost 0.4% to 3,018.05
Read more on abcnews.go.com
