Global shares slide as investors look to the US for key data on inflation

Global shares slide as investors look to the US for key data on inflation
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Global shares slide as investors look to the US for key data on inflation
Author: mirrornews@mirror.co.uk (ZIMO ZHONG, Lawrence Matheson)
Published: Dec, 20 2024 12:21

Summary at a Glance

Global shares slide as investors look to the US for key data on inflation Global shares were mostly in the red on Friday as markets eagerly awaited US personal spending data for November, due to be released later in the day.

On Friday, the dollar was trading at 156.86 yen, down from 157.43 yen but still higher than the average of 150 yen earlier this month.

The Hang Seng in Hong Kong increased by 0.2% to 19,720.70, while the Shanghai Composite index dropped slightly by 0.1% to 3,368.07 after China’s central bank decided to keep its loan prime rates unchanged on Friday.

Tokyo's Nikkei 225 index fell by 0.3% to 38,701.90 following the release of November inflation data on Friday.

This followed the Bank of Japan's decision on Thursday to maintain its benchmark rate at 0.25%, which boosted the dollar against the Japanese yen.

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