MSCI world stock index hits record high, dollar dips after US inflation data

Quick Summary:

NEW YORK/LONDON : The MSCI world stock index hit a record high while the U.S.dollar index inched lower on Friday after data showed that U.S.inflation was flat in May, fueling investor optimism the Federal Reserve could begin cutting interest rates in September.U.S.

The dollar index, which measures the greenback against a basket of currencies, was down slightly at 105.85.The U.S.dollar briefly fell against the Japanese yen after the PCE data.

Trump Media & Technology Group shares rose sharply early but were last down about 3 per cent.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeHong KongJapan

Topics: Kong Index Record Dollar Cent Stocks Points Hong Japanese Data Flag

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-29 @ 00:01:20 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21411907

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 20 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 54 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions