Asian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
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The United States Federal Reserve has been using high interest rates to pump the brakes on the economy in order to stifle inflation. It’s expected to start lowering rates later in September, which would ease the pressure on the economy, as it turns its focus toward protecting the job market and avoiding a recession.drop from Friday
Boeing climbed 3.4% after reaching a tentative deal with its largest union on a new contract that, if ratified, will avoid a strike that threatened to shut down aircraft production by the end of the week. Boeing said 33,000 workers represented by the International Association of Machinists and Aerospace Workers would get pay raises of 25% over the four-year contract.also returned to their long-held position of leading the market, at least briefly. Nvidia climbed 3.
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Asian shares trade higher after Wall Street rise and Japan GDP data show growthAsian shares are trading mostly higher after the latest update on U.S. inflation came in almost exactly as economists expected, and data on Japan’s economy showed relatively healthy growth. Shares rose in Tokyo, Sydney, Hong Kong and Shanghai. Trading was closed in South Korea for a national holiday. Japan's grew at an annual rate of 3.
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Asian shares trade higher after Wall Street rise and Japan GDP data show growthAsian shares are trading mostly higher after the latest update on U.S. inflation came in almost exactly as economists expected, and data on Japan’s economy showed relatively healthy growth.
Lire la suite »