Stock market today: Global stocks, Wall Street futures mixed after US inflation cools

London and Frankfurt opened higher. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices rose.

“The Fed will see this as a window of opportunity to pause,” Clifford Bennett of ACY Securities said in a report. Traders hope the U.S. economy can avoid a recession even after the Fed raised its benchmark lending rate to a 16-year high to extinguish surging inflation by cooling business activity.. That would be the first monthly meeting in more than a year without a rate hike.Nvidia gained 3.9% on Tuesday and was the strongest force pushing up the S&P 500, along with other technology stocks. Tech and other high-growth stocks are seen as some of the biggest beneficiaries if the Fed eases off rate hikes.

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Asia shares track Wall Street rally with inflation data, Fed in focusAsian shares edged up in early trade on Tuesday, following an upbeat session on Wall Street while investors turned their attention to key U.S. inflation data and the Federal Reserve's interest rate decision this week.
Source: Reuters - 🏆 2. / 97 Read more »

Asia shares track Wall Street rally with US inflation data, Fed in focusAsian shares rose on Tuesday following an upbeat session on Wall Street, while investors turned their attention to key U.S. inflation data and the Federal Reserve's interest rate decision this week.
Source: Reuters - 🏆 2. / 97 Read more »