On Tuesday, November 14th, the U.S. stock markets closed sharply higher, driven by inflation data that was milder than anticipated, bolstering beliefs that the Federal Reserve might have finished increasing interest rates.
In economic data, the U.S. annual inflation rate slowed to 3.2%, down from 3.7% in September and August, slightly below the market forecast of 3.3%.
The Dow Jones Industrial Average increased by 1.43% to 34,827.70, the S&P 500 soared 1.91% to 4,495.70, and the Nasdaq Composite rose 2.37%, ending the session at 14,094.38.
Asia Markets Today
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Japan’s Nikkei 225 ended Wednesday’s session higher by 2.51% at 33,519.70, led by gains in the Paper & Pulp, Warehousing, and Rubber sectors.
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Japan’s GDP saw a 0.5% decrease, surpassing the anticipated drop of 0.1%.
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Australia’s S&P/ASX 200 gained 1.42%, closing the session at 7,105.90, led by gains in the A-REITs, Gold, and IT sectors.
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China’s Shanghai Composite was up 0.55% to close the session at 3,072.83, and the Shenzhen CSI 300 gained 0.70%, closing at 3,607.25.
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Hong Kong’s Hang Seng Index climbed 3.71% and closed at 18,071.00.
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China’s retail sales exceeded expectations with a 7.6% increase, and industrial output grew 4.6%, signaling stronger economic health than anticipated, according to National Bureau of Statistics data.
Eurozone at 06:15 AM ET
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The European STOXX 600 index was up 0.60%.
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Germany’s DAX gained 0.46%.
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France’s CAC increased 0.51%.
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Investors are encouraged by slowing inflation in major economies, increasing expectations of a halt in central banks’ policy tightening.
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The U.K.’s FTSE 100 traded higher by 0.88%.
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The United Kingdom made a notable stride in combating high inflation, with the inflation rate falling to a three-year low of 4.6% versus 4.8% anticipated.
Commodities at 06:15 AM ET
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Crude Oil WTI was trading lower by 0.78% at $77.69/bbl, and Brent was down by 0.61% at $81.97/bbl.
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Natural Gas gained 1.61% to $3.159.
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Gold was trading up 0.49% at $1976.25, Silver gained 1.32% to $23.438, and Copper rose 0.62% to $3.7062.
US Futures at 06:15 AM ET
Dow futures were up 0.23%, S&P 500 futures gained 0.30%, while Nasdaq 100 Futures increased 0.50%.
Forex at 06:15 AM ET
The U.S. Dollar Index was up 0.14% to 104.20. USD/JPY gained 0.02% to 150.40, and AUD/USD declined 0.18% to 1.5340.
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This article Asia Closes Higher, Europe Markets Trade In Green As Inflation Eases – Global Markets Today While US Was Sleeping originally appeared on Benzinga.com
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