On June 28, 2024, global shares mostly advanced as traders looked ahead to a key report on inflation that could influence the Federal Reserve's next move on interest rates. France's CAC 40 slipped 0.4% in early trading, while Germany's DAX added 0.6%. Britain's FTSE 100 edged up 0.4%. In Asia, Japan's benchmark Nikkei 225 rose 0.6%, Australia's S&P/ASX 200 rose 0.1%, and South Korea's Kospi edged 0.5% higher. Hong Kong's Hang Seng was little changed, while the Shanghai Composite surged 0.7%. The U.S. stock market has been listless this week in the lead up to Friday’s release of the next influential inflation report from the government. Economists expect the report to show a modest easing of inflation to 2.6% in May. Wall Street is betting that the central bank will start cutting interest rates at its September meeting. An update from the government said the American economy expanded at a 1.4% annual pace from January through March, marking the slowest quarterly growth since spring 2022. [06418775]
Global shares gained as traders looked ahead to a key report on inflation that could influence the Federal Reserve's next move on interest rates. Japan's benchmark Nikkei 225 rose 0.6% to finish at 39,583.08. The United States stock market has been listless this week in the lead up to the release of the next influential inflation report. Economists expect the report to show a modest easing of inflation to 2.6% in May. Wall Street is betting that the central bank will start cutting interest rates at its September meeting. [8d57471a]