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AP
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Asian stock markets have followed Wall Street lower after the Federal Reserve said U.S. inflation is too high, suggesting support for more aggressive interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices edged higher. Wall Street’s benchmark S&P 500 index lost 0.7% after notes from the Fed’s July 26-27 board meeting showed members thought inflation still is “unacceptably high” despite signs U.S. economic growth is weakening. It said the board saw “little evidence” inflation pressures are subsiding. Investors worry aggressive rate hikes by the Fed and central banks in Europe and Asia to tame inflation that is running at multi-decade highs might derail global economic growth.

AP
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Asian stocks have followed Wall Street lower ahead of U.S. inflation data traders worry will show upward pressure on prices still is too strong for the Federal Reserve to ease off interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul declined early Wednesday. Oil prices edged lower. Wall Street’s benchmark S&P 500 index lost 0.4% for its fourth daily decline. U.S. government data are expected to show headline inflation in July eased from the previous month's four-decade high of 9.1%. But traders expect core inflation, which strips out volatile food and energy, leaving rent and other expenses, to edge higher.

AP
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Asian shares are mostly declining amid a global fall in technology shares, including Japan’s SoftBank, which just reported hefty losses caused by the market downturn. Such worries are coming on top of concerns about inflation and what central banks might do to curb it. Shares fell Tuesday in Tokyo but rose in other regional markets. U.S. futures edged higher while oil prices fell. Analysts say regional tensions also remain a risk after the recent visit of U.S. House Speak Nancy Pelosi to Taiwan. Technology stocks were the biggest drag on Wall Street, where the benchmark S&P 500 edged 0.1% lower.

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Stocks are closing slightly lower on Wall Street Monday as investors began another busy week of earnings and economic reports. The S&P 500 fell 0.3%. The Dow Jones Industrial Average and the Nasdaq also closed lower. U.S. crude oil prices dropped, weighing heavily on energy companies. Retailers and consumer product makers made solid gains. Boeing jumped after it cleared a key hurdle with federal regulators to resume deliveries of its large 787 airliner. August’s subdued opening follows a solid rally for stocks in July that marked the best month for the the benchmark S&P 500 since November 2020.

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Stocks are finishing higher on Wall Street Friday as investors closed out the best month for the S&P 500 since November 2020. New data showed inflation jumped by the most in four decades last month, but sentiment was buoyed by positive earnings news out of technology giants Apple and Amazon, as well as oil giants Exxon and Chevron. The technology-heavy Nasdaq ended July with the biggest gains since April 2020. Stocks have gained momentum this month, fueled by better-than-expected corporate earnings and falling bond yields, which have pulled back after soaring much of this year on expectations of higher interest rates.

AP
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Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by the war in Ukraine. But the economy still managed better-than-expected, if meager, growth in the second quarter. The European Union statistics agency said Friday that annual inflation in the eurozone’s 19 countries rose to 8.9% in July, up from 8.6% in June. Inflation has been running at its highest level since record-keeping for the euro began in 1997. The economy grew from April through June, expanding by 0.7% compared with the previous quarter. Economists expect that to be the last glimmer of good news and the region to tip into recession later this year.

AP
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Asian shares are mostly higher following a broad rally on Wall Street, but Hong Kong's benchmark sank more than 2%. Investors have grown more convinced that the Federal Reserve may temper its aggressive interest rate hikes aimed at taming inflation after data showed the U.S. economy contracted in the last quarter. But investors are cautiously eyeing regional tensions over China’s stance on Taiwan after President Joe Biden and China’s Xi Jinping spoke for more than two hours on Thursday. Japan's factory output in June jumped 8.9% from the previous month. The Commerce Department reported the U.S. economy contracted at a 0.9% annual pace in April-June following a 1.6% year-on-year drop in the first quarter.

AP
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Shares are mostly higher in Asia after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point. The Hong Kong Monetary Authority matched that with an increase of its own. Oil prices pushed higher while U.S. futures edged lower. The Fed’s latest hike lifts the benchmark short-term rate to its highest level since 2018. The S&P 500 gained 2.6% and the technology heavy Nasdaq jumped by the most in over two years. The Dow Jones Industrial Average also closed higher. Strong earnings from Google's owner Alphabet, Microsoft and other companies helped lift investors’ mood.

AP
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Asian stock markets have followed Wall Street lower as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation. Shanghai, Hong Kong and Seoul declined. Tokyo advanced. Oil prices were little changed, staying below $100 per barrel. Wall Street tumbled after Walmart warned inflation that has spiked to a four-decade high of 9.1% is hurting American consumer spending. The Fed is expected to announce a rate hike of up to three-quarters of a percentage point, triple its usual margin. Investors worry aggressive action by the Fed and central banks in Europe and Asia to cool inflation might derail global economic growth.

AP
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Asian stock markets are higher as investors brace for another sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and Seoul advanced. Tokyo edged lower. Oil prices rose more than $1 per barrel. Wall Street's benchmark S&P 500 index gained 0.1% ahead of this week’s Fed meeting at which officials are expected to announce a rate hike of up to three-quarters of a percentage point, triple the usual margin. Investors worry that aggressive rate hikes by the Fed and other central banks to contain surging inflation might derail global economic growth.