Stock market today: World shares are higher on optimism that price pressures may be easing

A pedestrian passes by the Hong Kong Stock Exchange electronic screen in Hong Kong, Monday, July 3, 2023. Asian shares were mostly higher Monday after a rally on Wall Street driven by reports that showed inflation abating, assuaging fears over the threat of a recession. – World shares rose Monday as investors took heart from reports that show inflation is abating, which might enable the Federal Reserve to back away from interest rate hikes.Germany's DAX added 0.3% to 16,187.06.

In Asia, too, central banks have begun holding steady or easing rates to counter slowing economic activity. Vietnam and China have been cutting rates, while other countries are seeing manufacturing activity cool as demand for exports weakens. The quarterly “tankan report” of business sentiment compiled by the Bank of Japan showed an improvement for the fifth consecutive quarter, from June last year, with the main indicator number rising by 3 points to plus 23.

Yields in the bond market turned lower Friday after the release of the economic data. The 10-year Treasury yield fell to 3.82% from nearly 3.87% just before the report’s release. It helps set rates for mortgages and other important loans.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Attack by 'aggressive' coyote at NJ nature reserve injures 13-year-old girl, prompts closuresOfficials have closed a dog park and other areas in a North Jersey nature reserve following an attack by what they called an “aggressive” coyote that bit a 13-year-old girl and a dog.
Source: FOX29philly - 🏆 570. / 51 Read more »

Chicago Sky's Kahleah Copper named an All-Star reserveChicago Sky guard Kahleah Copper was named Saturday to a group of 12 reserves for the July 15 WNBA All-Star Game in Las Vegas.
Source: chicagotribune - 🏆 8. / 91 Read more »

A's Rooker selected as AL reserve in 2023 All-Star GameAthletics outfielder Brent Rooker is an All-Star for the first time.
Source: nbcbayarea - 🏆 596. / 51 Read more »

Stock trader who made 630% in 3 years shares 6 key signals for tradingInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Strus agrees to $63M deal and heads to Cleveland after helping Miami make finals, AP sources sayStrus agrees to $63M deal and heads to Cleveland after helping Miami make finals, AP sources say -
Source: WashTimes - 🏆 235. / 63 Read more »

What Apple Did to Hit $3 TrillionAmassed more cash than you can fit in an Apple Car, for one thing.
Source: Slate - 🏆 716. / 51 Read more »