With the exception of China, shares were mostly higher in Asia on Thursday after a wobbly day of trading yielded modest gains on Wall Street.
Shares were mostly higher in Asia on Thursday after a wobbly day of trading yielded modest gains on Wall Street.Shanghai’s benchmark CN:SHCOMP lost 1.4% to 3,189.28 after China’s central bank left its benchmark lending rate unchanged. While other major economies are raising rates to cool... Shares were mostly higher in Asia on Thursday after a wobbly day of trading yielded modest gains on Wall Street.Shanghai’s benchmark SHCOMP lost 1.4% to 3,189.
A report on inflation at the wholesale level showed prices are still rising rapidly, with pressures building underneath the surface, even if overall inflation slowed. It echoed a report on inflation at the consumer level Tuesday, which raised expectations for interest-rate hikes and triggered a rout for markets.
The central bank has already raised its benchmark interest rate four times this year, with the last two increases by three-quarters of a percentage point. The broader U.S. economy has been slowing, but consumers have remained resilient and the job market remains strong. Wall Street will get another update on inflation’s latest impact on spending when the government releases its retail sales report for August on Thursday.
Biden administration officials are scrambling to develop a plan to keep goods moving if the railroads shut down. The White House is also pressuring the two sides to settle their differences, and a growing number of business groups are lobbying Congress to be prepared to intervene and block a strike if they can’t reach an agreement.
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.
Xi Jinping arrives in Central Asia in first trip outside China since pandemic | CNNChinese leader Xi Jinping has arrived in Central Asia in his first foreign trip in almost 1,000 days, returning to the world stage in an attempt to reassert Beijing's global influence during a time of increased friction with the West.
Read more »
Asia-Pacific Markets Slightly Up After Negative Session; China Expected to Hold Medium-Term Rate SteadyShares in the Asia-Pacific rose on Thursday after Wednesday’s negative session.
Read more »
5 things to know for Sept. 14: Primaries, Food prices, Abortion, Twitter, China typhoon | CNNHere are 5⃣ things you need to know today 👇 1⃣ Primary season comes to a close 2⃣ Food prices 3⃣ West Virginia abortion ban with few exceptions 4⃣ Twitter shareholders vote for Elon Musk's takeover 5⃣ China on high alert as Typhoon Muifa closes in
Read more »
China keeps West guessing about economic pressure on RussiaBEIJING (AP) — Chinese leader Xi Jinping is keeping the West guessing about whether Beijing will cooperate with tougher sanctions on Russia as he meets President Vladimir Putin a year after declaring they had a “no limits” friendship ahead of the Kremlin’s invasion of Ukraine.
Read more »
Whistleblower: China, India had agents working for TwitterTwitter’s former security chief told Congress Tuesday there was “at least one agent” from China’s intelligence service on Twitter’s payroll — and that the company knowingly allowed India to add agents to the company roster as well.
Read more »