TOKYO – (AP) – Global stocks were mixed on Wednesday after Wall Street reopened after the Memorial Day holiday on a lackluster note.
The French CAC 40 rose 0.1% to 6,496.01, while the German DAX gained nearly 0.2% to 15,592.32. The UK FTSE 100 rose 0.3% to 7,101.57. US stocks were to be mixed with Dow futures contracts up less than 0.1% to 34,561.0. Futures on the S&P 500 slipped nearly 0.1% to 4,195.62.
Market players are eagerly awaiting US employment data, which is also expected to show growth. They are also monitoring comments from Federal Reserve officials on inflation, a concern hanging over markets as economies regain momentum with the rollout of coronavirus vaccines, particularly in the United States.
In Asian exchanges, the Japanese benchmark Nikkei 225 added 0.5% to close at 28,946.14. The Australian S & P / ASX 200 jumped 1.1% to 7,217.80. South Korea’s Kospi rose nearly 0.1% to 3,224.23. The Hong Kong Hang Seng lost 0.6% to 29,297.62, while the Shanghai Composite lost 0.8% to 3,597.14.
The Indian Sensex index fell 0.7%. Stocks rose in Jakarta, changed little in Taiwan, but fell in Singapore.
Economies are quickly recovering from the damage and disruption caused by the pandemic, analysts say.
“The speed of the recovery bears little resemblance to that of past downturns, which should hopefully result in less economic scarring,” RaboResearch said in a market commentary.
Progress is lagging behind in Japan and much of Asia, where vaccination programs have lagged behind, although they are starting to accelerate, opening up vaccinations at mass sites to the general population. , not just the elderly and health workers.
Expectations that the next Labor Department report, due on Friday, will show a sharp increase in hiring in May have added to concerns about inflation and how the Federal Reserve might respond to it. The concern is that the global recovery could be hampered if governments and central banks were to withdraw stimulus measures to combat rising prices.
In energy trading, benchmark US crude gained 41 cents to $ 68.13 a barrel in electronic trading on the New York Mercantile Exchange. It jumped from $ 1.40 to $ 67.72 on Tuesday. Brent crude, the international standard, gained 52 cents to $ 70.77 a barrel.
Oil prices hit two-year highs as demand increased with a pickup in travel, especially to the United States
In currency trading, the US dollar rose from 109.49 yen to 109.78 Japanese yen. The euro cost $ 1.2191, compared to $ 1.2214.
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