HANG SENG INDEX (^HSI)
- Yahoo Finance UK
FTSE 100 LIVE: European stocks fall as Japanese economy shrinks faster than expected
Japan GDP shrank at an annualised rate of 2% in the January to March period, compared to the previous quarter,
- Yahoo Finance UK
Wall Street surges as US inflation slows to 3.4% and FTSE closes higher
Last night, US Federal Reserve chair Jerome Powell said he did not expect interest rates to be increased again, ahead of upcoming inflation figures.
- Reuters
Stocks hit record highs, yields fall; US CPI raises rate cut hopes
NEW YORK (Reuters) -Global stock markets rose to record highs while U.S. Treasury yields and the U.S. dollar fell on Wednesday as data showed U.S. consumer prices rose less than expected in April, suggesting inflation has resumed a downward trend in the second quarter. The CPI report raised expectations that the Federal Reserve will cut interest rates two times this year. The Dow and S&P 500 registered record closing highs for the first time since March 28 and the Nasdaq posted a record closing high for the second session in a row, while the MSCI world stock index was also set for a second straight record high close.
