Stock market today: World shares advance as weak US jobs data back hopes for an end to rate hikes
World shares have advanced after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy
BANGKOK — World shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy.
Germany's DAX edged 0.1% higher to 16,542.15 and the CAC 40 in Paris gained 0.2% to 7,397.84. In London, the FTSE 100 was up 0.4% at 7,521.99.
The future for the S&P 500 was up 0.2% while that for the Dow Jones Industrial Average gained 0.1%.
In Asian trading, Hong Kong's Hang Seng gained 0.8% to 16,573.00, while the Shanghai Composite edged 0.1% lower, to 2,968.93.
Tokyo's Nikkei 225 added 2% to 33,445.90 after a top central bank official reiterated the Bank of Japan's determination to maintain its easy credit policy until it achieves a stable level of inflation.
In Seoul, the Kospi was up less than 0.1%, at 2,495.38. Australia's S&P/ASX 200 climbed 1.7% to 7,178.40.
India's Sensex gained 0.5% and the SET in Bangkok advanced 0.3%.
On Tuesday, the S&P 500 edged 0.1% lower for its first back-to-back loss since October. The Dow Jones Industrial Average slipped 0.2% and the Nasdaq composite rose 0.3%.
U.S. stocks and Treasury yields wavered after reports showed that employers advertised far fewer job openings at the end of October than expected, while growth for services businesses accelerated more last month than expected. Just 8.7 million jobs were advertised on the last day of October, down by 617,000 from a month earlier and the lowest level since 2021.
With inflation down from its peak two summers ago, Wall Street is hopeful the Federal Reserve may finally be done with its market-shaking hikes to interest rates and could soon turn to cutting rates. The
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