Close Menu
    Trending
    • Hungary’s oldest library is fighting to save 100,000 books from a beetle infestation
    • The biggest piece of Mars on Earth is going up for auction in New York
    • Avelo Airlines extends Central Florida flights through February 2026
    • California farmworker who fell from greenhouse roof during chaotic ICE raid dies
    • Hundreds attend Lil Duval’s 10th Duval Day block party off Moncrief Road
    • Tampa girls raise money to help Camp Mystic victims
    • Union criticizes BSO termination recommendations
    • Charges dropped against Utah doctor accused of throwing away $28,000 in COVID vaccine doses
    CFL News Today
    • Home
    • Florida News
    • Politics
    • Sports News
    • Latest News
    • Northeast Florida
    CFL News Today
    Home»Northeast Florida»Asian shares are mostly higher after Wall Street rally caps a dismal week

    Asian shares are mostly higher after Wall Street rally caps a dismal week

    CFL Staff WriterBy CFL Staff WriterDecember 23, 2024No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    BANGKOK – Shares principally gained in Asia on Monday after U.S. shares capped a principally dismal week with a broad rally that also left the benchmark S&P 500 down 2% for the week.

    U.S. futures and oil costs superior.

    One shadow over markets was cleared when U.S. lawmakers handed a budget deal within the early hours of Saturday, narrowly averting a pre-Christmas government shutdown.

    Tokyo’s Nikkei 225 index jumped 0.9% to 39,039.18, whereas the greenback was buying and selling at 156.53 Japanese yen, up from 156.48 yen.

    Honda Motor Co. and Nissan Motor Corp. had been anticipated to carry a information convention later Monday as stories speculated on a attainable merger between Japan’s second and third-largest automakers. Honda’s shares, which fell after information of the talks on a deal surfaced final week, had been up 0.8%. Nissan’s, which had soared, fell 0.9%.

    Elsewhere in Asia, Hong Kong’s Grasp Seng gained 0.7% to 19,857.98, whereas the Shanghai Composite index edged 0.2% greater.

    Australia’s S&P/ASX 500 jumped 1.4% to eight,175.80.

    South Korea’s Kospi added 1.5% to 2,440.62 and Taiwan’s Taiex jumped 2.5%., with TSMC, the world’s largest laptop chip maker, gaining 3.9%. Hon Hai Precision Business, which reportedly has been maneuvering to purchase an enormous stake in Nissan, jumped 3.8%.

    In Bangkok, the SET edged 0.1% greater.

    On Friday, the S&P 500 rallied 1.1%, closing at 5,930.85. The Dow Jones Industrial Common jumped 1.2% to 42,840.26 and the Nasdaq composite gained 1% to 19,572.60.

    Roughly 9 of each 10 shares within the S&P 500 rose.

    Superstar stock Nvidia and different Massive Tech firms led the market, which acquired a raise after a report mentioned a measure of inflation the Federal Reserve likes to make use of was barely decrease final month than economists anticipated. It’s an encouraging sign following recent reports suggesting inflation could also be robust to get all the way in which right down to the Fed’s 2% objective from its peak above 9%.

    The specter of greater inflation was one of many causes Fed Chair Jerome Powell gave final week when the central financial institution hinted it may deliver fewer cuts to rates of interest subsequent 12 months than it earlier anticipated.

    That warning despatched a shock by way of the inventory market, which had run to 57 all-time highs this 12 months amid the widespread assumption the Fed would ship a string of cuts to charges into 2025. Now merchants are largely betting on one, two or even perhaps zero subsequent 12 months, in accordance with knowledge from CME Group.

    Critics had been warning inventory costs had been vulnerable to drops after working so excessive and that the market probably wanted every part to go appropriately to justify its stellar good points for the 12 months. In addition to the diminished hopes for a number of fee cuts subsequent 12 months, Wall Avenue acquired one other reminder late Thursday that every part could not go as anticipated.

    The U.S. inventory market has misplaced a piece of its gain since Trump’s win on Election Day, which raised hopes for quicker financial progress and extra lax rules that will increase company income. Worries have risen that Trump’s desire for tariffs and different insurance policies may result in higher inflation, an even bigger U.S. authorities debt and difficulties for international commerce.

    In different dealings early Monday, U.S. benchmark crude oil picked up 40 cents to $69.86 per barrel.

    Brent crude, the worldwide commonplace, was up 36 cents at $73.30.

    The euro rose to $1.0441 from $1.0433.

    ___

    AP Writers Stan Choe and Matt Ott contributed.

    Copyright 2024 The Related Press. All rights reserved. This materials will not be printed, broadcast, rewritten or redistributed with out permission.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    CFL Staff Writer
    • Website

    Related Posts

    The biggest piece of Mars on Earth is going up for auction in New York

    July 13, 2025

    Hundreds attend Lil Duval’s 10th Duval Day block party off Moncrief Road

    July 13, 2025

    Charges dropped against Utah doctor accused of throwing away $28,000 in COVID vaccine doses

    July 12, 2025
    Leave A Reply Cancel Reply

    Don't Miss

    Hungary’s oldest library is fighting to save 100,000 books from a beetle infestation

    Latest News July 13, 2025

    PANNONHALMA – Tens of hundreds of centuries-old books are being pulled from the cabinets of…

    The biggest piece of Mars on Earth is going up for auction in New York

    July 13, 2025

    Avelo Airlines extends Central Florida flights through February 2026

    July 13, 2025

    California farmworker who fell from greenhouse roof during chaotic ICE raid dies

    July 13, 2025

    Hundreds attend Lil Duval’s 10th Duval Day block party off Moncrief Road

    July 13, 2025

    Tampa girls raise money to help Camp Mystic victims

    July 13, 2025
    Categories
    • Florida News
    • Latest News
    • Northeast Florida
    • Politics
    • Sports News
    About Us

    Welcome to CFL News Today, your trusted source for the latest and most relevant news from Central Florida and beyond. Our mission is to keep you informed with up-to-date coverage of local events, community happenings, business developments, and everything that makes Florida the Sunshine State.

    At CFL News Today, we are passionate about delivering accurate and engaging stories that matter to you. Whether it’s breaking news, politics, sports, entertainment, or lifestyle features, our goal is to ensure you stay connected with what’s happening in your neighborhood and across the state.

    Our Picks

    Hungary’s oldest library is fighting to save 100,000 books from a beetle infestation

    July 13, 2025

    The biggest piece of Mars on Earth is going up for auction in New York

    July 13, 2025

    Avelo Airlines extends Central Florida flights through February 2026

    July 13, 2025
    Categories
    • Florida News
    • Latest News
    • Northeast Florida
    • Politics
    • Sports News
    Copyright © 2024 Cflnewstoday.com All Rights Reserved.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.