{"id":28230,"date":"2024-05-16T08:12:18","date_gmt":"2024-05-16T08:12:18","guid":{"rendered":"https:\/\/www.xtrememarkets.com\/?p=28230"},"modified":"2024-05-16T08:12:18","modified_gmt":"2024-05-16T08:12:18","slug":"asian-shares-rise-following-wall-st-records","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/","title":{"rendered":"Asian Shares Rise Following Wall St Records"},"content":{"rendered":"

Asian Shares Rise Following Wall St Records<\/strong><\/h1>\n

Asian shares advanced on Thursday, buoyed by a rally in U.S. stocks<\/strong><\/a> that reached record highs amid hopes that inflation is easing. U.S. consumer prices in April were 3.4% higher than a year earlier, a slight improvement from March’s 3.5% inflation rate. This deceleration relieved investors, who had been concerned by worse-than-expected consumer price index (CPI) reports earlier in the year. The latest data bolstered expectations that the Federal Reserve might reduce its main interest rate this year.<\/span><\/p>\n

In Asia, Tokyo’s Nikkei 225 index rose 0.8% to 38,676.83, despite the Japanese economy contracting at a 2% annual rate in the first quarter. Hong Kong’s Hang Seng index increased by 1.6% to 19,369.06, while the Shanghai Composite index gained 0.5% to 3,134.97. Australia’s S&P\/ASX 200 advanced 1.6% to 7,874.70, and South Korea’s Kospi climbed 0.8% to 2,751.32. Taiwan’s Taiex was up 0.7%, and India’s Sensex rose 0.5%.<\/span><\/p>\n

On Wednesday, the S&P 500 surged 1.2% to close at 5,308.15, surpassing its previous high from a month and a half ago. The Dow Jones Industrial Average added 0.9% to 39,908.00, and the Nasdaq jumped 1.4% to 16,742.39, setting a new record. Stocks benefiting from lower interest rates led the market, with homebuilders like Lennar, D.R. Horton, and PulteGroup rallying over 5% on hopes of easier mortgage rates. High-growth stocks, including Nvidia, which gained 3.6%, also performed well.<\/span><\/p>\n

Real-estate stocks in the S&P 500 climbed 1.7%, while utility stocks rose 1.4%, as their dividends became more attractive compared to lower-yielding bonds. Petco Health + Wellness surged 27.9% after appointing Glenn Murphy, CEO of investment firm FIS Holdings, as its executive chairman. However, GameStop and AMC Entertainment saw declines, with GameStop falling 18.9% and AMC dropping 20% after announcing the issuance of 23.3 million shares to clear $163.9 million in debt.<\/span><\/p>\n

A report showed no growth in U.S. retail spending in April compared to March, against expectations of a 0.4% increase. While slowing retail sales could help reduce inflation pressure, weaker consumer spending could undermine the economy’s resilience. Lower-income households are particularly under pressure.<\/span><\/p>\n

In the bond market, the 10-year Treasury yield decreased to 4.34% from 4.45%, and the two-year yield fell to 4.72% from 4.82%, reflecting increased expectations of a Fed rate cut. Traders now see a nearly 95% chance of at least one rate cut this year, up from just below 90% the previous day.<\/span><\/p>\n

In early trading on Thursday, U.S. benchmark crude oil rose 42 cents to $79.05 per barrel, while Brent crude increased by 39 cents to $83.14 per barrel. The U.S. dollar weakened to 154.03 Japanese yen from 154.88 yen, and the euro edged up to $1.0888 from $1.0885.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Asian Shares Rise Following Wall St Records Asian shares advanced on Thursday, buoyed by a rally in U.S. stocks that reached record highs amid hopes that inflation is easing. U.S. consumer prices in April were 3.4% higher than a year earlier, a slight improvement from March’s 3.5% inflation rate. This deceleration relieved investors, who had<\/p>\n... continue reading<\/a>.","protected":false},"author":1,"featured_media":28231,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[2023,559,265,35,157,148,22,518,2313],"yoast_head":"\r\nAsian Shares Rise Following Wall St Records<\/title>\r\n<meta name=\"description\" content=\"Asian shares advanced on Thursday, buoyed by a rally in U.S. stocks that reached record highs amid hopes that inflation is easing.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Asian Shares Rise Following Wall St Records\" \/>\r\n<meta property=\"og:description\" content=\"Asian shares advanced on Thursday, buoyed by a rally in U.S. stocks that reached record highs amid hopes that inflation is easing.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Xtreme Markets\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/xtreamforex.official\/\" \/>\r\n<meta property=\"article:published_time\" content=\"2024-05-16T08:12:18+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/05\/China-Schedules-Meeting-to-Discuss-2.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\r\n\t<meta property=\"og:image:height\" content=\"628\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@xtreamforex\" \/>\r\n<meta name=\"twitter:site\" content=\"@xtreamforex\" \/>\r\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\",\"name\":\"Xtreamforex\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/xtreamforex.official\/\",\"https:\/\/www.instagram.com\/xtreamforex.official\/\",\"https:\/\/in.linkedin.com\/company\/xtream-forex\",\"https:\/\/www.youtube.com\/channel\/UCbbTuJV9XhurjZciRLdvFBg\",\"https:\/\/www.pinterest.com\/xtreamforex_trading\/\",\"https:\/\/twitter.com\/xtreamforex\"],\"logo\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#website\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"name\":\"Xtreme Markets\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.xtrememarkets.com\/US\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/05\/China-Schedules-Meeting-to-Discuss-2.png\",\"contentUrl\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/05\/China-Schedules-Meeting-to-Discuss-2.png\",\"width\":1200,\"height\":628,\"caption\":\"Asian Shares Rise Following Wall St Records\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#webpage\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/\",\"name\":\"Asian Shares Rise Following Wall St Records\",\"isPartOf\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#primaryimage\"},\"datePublished\":\"2024-05-16T08:12:18+00:00\",\"dateModified\":\"2024-05-16T08:12:18+00:00\",\"description\":\"Asian shares advanced on Thursday, buoyed by a rally in U.S. stocks that reached record highs amid hopes that inflation is easing.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/\",\"name\":\"Asian Shares Rise Following Wall St Records\"}}]},{\"@type\":[\"Article\",\"NewsArticle\"],\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#webpage\"},\"author\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#\/schema\/person\/7174bacf55d9f2c6a7277328b874a5b0\"},\"headline\":\"Asian Shares Rise Following Wall St Records\",\"datePublished\":\"2024-05-16T08:12:18+00:00\",\"dateModified\":\"2024-05-16T08:12:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#primaryimage\"},\"keywords\":\"Asian shares,Asian trading,business,Forex Trading,Market News,stock news,trading,U.S. Stocks,xtrememarkets\",\"articleSection\":\"Stocks\",\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#\/schema\/person\/7174bacf55d9f2c6a7277328b874a5b0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2e3f4cb7720cd513c664cc42f8ca1461?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2e3f4cb7720cd513c664cc42f8ca1461?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/localhost\/xtreamforex\"]},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/asian-shares-rise-following-wall-st-records\/#local-main-organization-logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/02\/image_2024_02_23T12_39_46_331Z.png\",\"contentUrl\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/02\/image_2024_02_23T12_39_46_331Z.png\",\"width\":800,\"height\":500,\"caption\":\"Xtreamforex\"}]}<\/script>\r\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/28230"}],"collection":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/comments?post=28230"}],"version-history":[{"count":1,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/28230\/revisions"}],"predecessor-version":[{"id":28232,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/28230\/revisions\/28232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/media\/28231"}],"wp:attachment":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/media?parent=28230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/categories?post=28230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/tags?post=28230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}