Global benchmarks mostly climb despite worries about US economy

From Yahoo Finance: 2024-04-26 04:57:25

Global shares rose despite concerns about economic outlook and inflation. France’s CAC 40, Germany’s DAX, and Britain’s FTSE 100 all saw gains. Bank of Japan kept interest rate at 0-0.1%, with Nikkei 225 rising. Some officials in Japan worry about impact of weak yen on the economy. Euro rose against dollar. US economy slowed to 1.6% growth in first quarter. Traders expect limited interest rate cuts by the Fed this year. Oil prices edged up. Traders are also worried about inflation and recession.



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