Oddbean

Stock market today: Asian benchmarks mostly climb despite worries about US economy ========== Asian shares mostly rose despite worries about the economic outlook and inflation in the US and the rest of the world. The Bank of Japan kept its benchmark interest rate unchanged. Japan's Nikkei 225 added 0.8%. Australia's S&P/ASX 200 dropped 1.4%. South Korea's Kospi jumped 1.1%. Hong Kong's Hang Seng added 2.3%. The Shanghai Composite rose 1.1%. Wall Street was lower with concerns about high inflation and a weak economy. Facebook's parent company dropped 10.6%. The S&P 500 fell 0.5%. The Dow Jones Industrial Average dropped 1%. The Nasdaq composite sank 0.6%. The US economy slowed to a 1.6% annual rate in Q1 2024. Treasury yields rose. Benchmark US crude edged up to $83.94 a barrel. Brent crude gained to $89.41 a barrel. #StockMarket #AsianBenchmarks #UsEconomy #Inflation https://apnews.com/article/stock-markets-inflation-economy-earnings-4775e405f59a664add5dd9daf995dcd5