Stock market today: World markets are mostly lower after retreat on Wall Street

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Shares have retreated in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.

BusinessFILE - People stand in front of an electronic stock board showing Japan's stock prices at a securities firm Monday, Feb. 26, 2024, in Tokyo. Asian markets retreated Friday, March 15, with Hong Kongs benchmark falling nearly 2%, after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.– Shares retreated Friday in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.

The moves were more decisive in the bond market, where Treasury yields rose after a report showed inflation was a touchBut other reports released Thursday also showed some softening in the economy, which kept alive hopes that the long-term trend for inflation remains downward. Fed officials will give their latest forecasts for where they see interest rates heading this year on Wednesday, following their latest policy meeting.last month than economists expected. Such data drags on the overall economy but could also remove upward pressure on inflation.

In other trading early Friday, U.S. benchmark crude oil lost 34 cents to $80.92 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gave up 36 cents to $85.06 per barrel.

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