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World shares mostly advance after Wall Street inches closer to its all-time high
Global markets edged mostly higher with the S&P 500 just 0.5% below its record as investors await U.S. inflation and Chinese economic data, amid cautious trading.
- On Friday, global stocks were mostly higher as the S&P 500 index inched up 0.1% and was about 0.5% below its all-time high.
- Traders remained cautious ahead of key China data and high-level economic meetings next week, while investors generally expect the Federal Reserve to cut rates despite Thursday’s weaker jobs report.
- Dollar General led U.S. gains with a 14% rally after reporting stronger profit, while LG Electronics rose 5.2%, Hyundai Motors soared 11.1%, and Australia's S&P/ASX200 edged up 0.2% on Friday.
- Futures trading showed the S&P 500 rising 0.2% while Dow Jones Industrial Average futures were unchanged; the euro climbed to $1.1652 and U.S. benchmark crude traded at $59.60 per barrel early Friday.
- Investors generally expect the Federal Reserve to cut rates next week to support the slowing jobs market, though inflation remains stubbornly above the Fed's 2% target, and a cut would be the third this year.
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12 Articles
12 Articles
Coverage Details
Total News Sources12
Leaning Left5Leaning Right1Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 40%
Factuality
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