STOCK MARKET TODAY: Global stocks were mostly lower in limited holiday trading, with a half-day for US markets

BANGKOK (AFP) – Stocks were mixed Friday in Europe and Asia after US markets closed for the Thanksgiving holiday.

Germany’s DAX was almost unchanged at 15,998.44, while Paris’s CAC 40 was also flat at 7,279.03. The British FTSE 100 index fell by 0.4% to 7,453.40 points.

On Wall Street, S&P 500 futures and the Dow Jones Industrial Average rose 0.1% ahead of Friday’s half-day trading session. On Wednesday, before the holiday, the S&P 500 rose 0.4% and the Dow Jones rose 0.5%. The Nasdaq rose 0.5%.

It’s been a quiet week for data releases, but Japan announced that consumer inflation rose for the first time in four months, with big gains in food prices and hotel prices as tourism picks up. The Consumer Price Index rose 3.3% in October from a year earlier, up from 3% in September in a trend inconsistent with the Bank of Japan’s expectations that price pressures will ease towards the end of the year.

“Both the government and the Bank of Japan will be concerned about higher-than-expected inflation,” Robert Carnell and Min-Ju Kang of ING Economics said in a commentary. This is likely to prompt the central bank to adjust its ultra-loose monetary policy in the new year, they said.

The Nikkei 225 index in Tokyo added 0.5% to 33,625.53 points.

Chinese stocks fell after recent gains driven by expectations of more government support for debt-laden property developers. Shares of Country Garden, one of the largest companies, fell 7.6% after rising 16% the previous day.

In Hong Kong, the Hang Seng Index fell 2% to 17,559.42 points. The Shanghai Composite Index lost 0.7% to 3,040.97 points.

South Korea’s Kospi fell 0.7% to 2,496.63, while Australia’s S&P/ASX 200 rose 0.2% to 7,040.80.

In Bangkok, the SET fell 0.7%, while Taiwan’s Taiex fell less than 0.1%.

Investors are watching to see how US retailers will fare as the holiday shopping season gets underway black friday, Given growing concerns that spending may slow under the pressure of declining savings, rising credit card debt and inflation.

The latest quarterly results from a series of retailers from Walmart to Best buy To Saks Fifth Avenue it indicates weak consumer appetite for spending even as inflation declines and employment remains strong.

With price pressures easing, investors have become more optimistic than before Federal Reserve This can be done by raising interest rates to rein in inflation and even considering lowering interest rates.

Fed officials said the outlook for the economy remains uncertain and decisions on interest rates will depend on incoming reports. The Fed will get another big update next week when the government publishes its October report on the main measure of inflation the central bank tracks.

In other trading on Friday, US crude oil lost 67 cents to $76.43 a barrel in electronic trading on the New York Mercantile Exchange.

Brent crude, the international pricing standard, was unchanged at $81.25 a barrel.

The US dollar rose to 149.58 Japanese yen from 149.54 yen. The euro rose to $1.0913 from $1.0906.

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