Stock market today: World stocks are mixed ahead of key U.S. jobs data
World stocks are mixed after a steady day on Wall Street as markets anticipate key U.S. jobs data to be revealed later in the day
HONG KONG — World stocks were mixed Friday after a steady Thursday on Wall Street as markets anticipated the release of key U.S. payrolls data later in the day.
The futures for the Dow Jones Industrial Average and the S&P 500 were less than 0.1% higher.
European stocks fell in the early trading after the European Central Bank cut its key interest rate from a record high of 4% on Thursday, leaving uncertainties for the policy's next move. France’s CAC 40 dropped 0.4% to 8,006.66, and Germany’s DAX slipped 0.4% to 18,571.98. Britain’s FTSE 100 shed 0.3% to 8,257.46.
Japan’s benchmark Nikkei 225 edged 0.1% lower to 38,683.93 after Friday data showed household spending in April was up 0.5% year-on-year. This was the first increase since February 2023 and is a key indicator in assessing the country’s economy as central bank officials prepare to hold a policy meeting next week.
Hong Kong’s Hang Seng index declined 0.6% to 18,366.95, while the Shanghai Composite index was up 0.1% at 3,051.28 as China trade data showed that exports in May rose faster than expected at 7.6% compared to a year earlier, while imports were weaker than market forecasts.
Australia’s S&P/ASX 200 climbed 0.5% to 7,860.00. South Korea’s Kospi surged 1.2% to 2,722.67.
The S&P 500 barely budged on Thursday, a day after leaping to a record high for the 25th time this year. It dipped less than 0.1% to 5,352.96. The Dow Jones Industrial Average added 0.2% to 38,886.17, while the Nasdaq composite slipped 0.1% to 17,173.12 after hitting its own record.
Big Lots tumbled 18.2% after reporting a larger loss for the latest quarter than
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