Stock market today: World shares rise ahead of a key US jobs report
World shares are mostly higher ahead of a U.S. jobs report after Wall Street rose Thursday to snap its first three-day losing streak since Halloween
HONG KONG — World shares were mostly up on Friday ahead of a U.S. government jobs report, after Wall Street rose Thursday to snap its first three-day losing streak since Halloween.
On Thursday, the S&P 500 climbed 0.8% to 4,585.59. The Dow Jones Industrial Average added 0.2% to 36,117.38, and the Nasdaq composite jumped 1.4% to 14,339.99.
The future for the S&P 500 and the Dow Jones Industrial Average both slipped 0.1%.
In Friday’s European market, data released on Friday showed a 3.2% inflation rate in Germany for November, marking the fifth consecutive month of decline. The data supports the prediction of upcoming European Central Bank rate cuts.
Germany’s DAX edged 0.1% higher to 16,646.88 and the CAC 40 in Paris gained 0.3%, to 7,450.53. Britain’s FTSE 100 was up nearly 0.1% at 7,518.90.
In Tokyo, the Nikkei 225 index shed 1.7% to 32,307.86, as investors speculated that the Bank of Japan may end its negative interest rate policy.
Before meeting Thursday with Prime Minister Fumio Kishida, BOJ Gov. Kazuo Ueda told parliament the central bank would face an “even more challenging” situation at the year's end and in early 2024. On Friday, the U.S. dollar fell to 143.97 Japanese yen from 144.12 yen. It was trading above 150 yen until mid-November.
Updated data released on Friday showed Japan’s economy shrank by 2.9% year-on-year in the July-September quarter, worse than estimated earlier.
Hong Kong’s Hang Seng index edged 0.1% lower to 16,334.37 and the Shanghai Composite index was up 0.1% at 2,969.56. The Kospi in Seoul gained 1% to 2,517.85. Australia’s S&P/ASX 200 was
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