Stock market today: World markets are mostly lower after retreat on Wall Street
Shares have retreated in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon
BEIJING — Shares retreated Friday in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.
Oil prices were lower.
Germany's DAX was flat at 17,944.46 and the FTSE 100 in London was less than 0.1% lower, at 7,739.48. In Paris, the CAC 40 edged 0.1% higher, to 8,170.95.
The futures for the S&P 500 and the Dow Jones Industrial Average were nearly unchanged.
In Asian trading, Tokyo's Nikkei 225 declined 0.3% to 38,707.64.
Shares in automakers Honda and Nissan rose ahead of the announcement that the two companies will collaborate in electric vehicles and auto intelligence technology. Honda Motor Co. gained 1.7% while Nissan Motor Co. was up 3.2%.
In South Korea, the Kospi sank 1.9% to 2,666.84.
Hong Kong's Hang Seng slipped 1.4% to 16,720.89 after reports said housing prices have continued to fall since February. The Shanghai Composite index gained 0.3% to 3,054.64.
China's market watchdog announced that regulators will tighten standards for listing companies.
“There is still a gap between the quality of listed companies and the requirements for high-quality economic and social development and the expectations of investors,” the China Securities Regulatory Commission said in a notice online.
Australia's S&P/ASX 200 shed 0.6% to 7,670.30.
U.S. stocks slipped Thursday, with the S&P 500 falling 0.3% and the Dow industrials down 0.4%. The Nasdaq composite lost 0.3%.
The moves were more decisive in the bond market, where Treasury yields rose after a report showed inflation was a touch hotter at the wholesale level
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