U.S. futures are flat and world shares mixed after a retreat on Wall St
BNN Bloomberg
European shares were mixed Wednesday, while most benchmarks in Asia advanced despite a retreat on Wall Street on selling of technology stocks.
The future for the S&P 500 fell 0.1%, while that for the Dow Jones Industrial Average rose 0.1%.
In Europe, France’s CAC 40 gained 0.5% in early trading to 8,219.78, while Germany’s DAX slipped 0.5% to 24,668.93. Britain’s FTSE 100 gained 0.6% to 10,373.29.
In Asian trading, Tokyo’s Nikkei 225 dropped 0.8% to 54,293.36, falling back from a record high set Tuesday. Shares of chipmaker Tokyo Electron fell 2.1%, while testing equipment maker Advantest also lost 2.1%. SoftBank Group shed 2.2%.
Shares of Nintendo plunged 11%, even as the Japanese video-game maker posted strong profits on Tuesday, as investors and analysts expressed concern about whether sales momentum can be maintained for the Switch 2 game console that was rolled out last year.
South Korea’s Kospi gained 1.6% to 5,371.10. Samsung Electronics rose nearly 1%, while chipmaker SK Hynix dropped 0.8%.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
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U.S. stocks are sinking Friday as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year because of the war with Iran.
Pinterest CEO Bill Ready called on world leaders to ban social media for youth under 16 in a LinkedIn post on Friday.
Wall Street is stumbling toward the finish line of a fourth straight losing week on Friday, but an ease in oil prices is taking some of the pressure off stock markets worldwide.
FedEx shares surged about 10 per cent before the bell on Friday, after the package-delivery giant raised its full-year profit forecast and signaled steady shipping demand despite geopolitical tensions and surging fuel costs.
Wall Street is stumbling toward the finish line of a fourth straight losing week, but an ease in oil prices is taking some of the pressure off stock markets worldwide.
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Oil prices steadied on Friday on the intensifying Iran war to around US$110 a barrel, while global shares were mixed following Wall Street losses.