Global share as U.S. futures grow due to exhaustion of holiday trading – Country
Global stocks rose in limited trading Thursday, with many markets closed for May or the International Labor Day holiday.
The UK's FTSE 100 inches grew by less than 0.1% to 8,496.53 in early trading. The S&P 500's future growth was 1.5%, while the Dow Jones industrial average rose 0.7%.
Tokyo's benchmark Nikkei 225 rose 1.1% to finish with a 36,452.30 title. As expected, the Bank of Japan decided to keep its benchmark interest rate unchanged due to concerns about the impact of Trump's policy. The central bank also cut its economic growth forecast for the fiscal year ending March 2026 by more than half, from 1.1% three months ago to 0.5%.
“Given the massive downgrades in its quarterly outlook report on growth and inflation forecasts, central banks may pause for a long time to assess the impact of high global trade policy uncertainty on growth and inflation,” said Shigeto Nagai of Oxford Economics in a report.
The US dollar rose from 143.06 yen to 144.19 yen on the day. The euro price is $1.1329, down from $1.1331.
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Australia's S&P/ASX 200 grew 0.2% to 8,145.60.
President Donald Trump's uncertainty about the U.S. economy remains a focus for investors.
On Wednesday, the S&P 500 rose 0.2% and the Dow Jones rose 0.4%. The Nasdaq Comprehensive Index decreased by 0.1%.
The United States is threatened by the worst-case scenario, known as “stagnation”, with the economy stagnating and inflation still high. Economists worry that this is because the Fed does not have a good tool to solve both problems at the same time. If the Fed tries to help one problem by adjusting interest rates, that could make another worse.
A more comprehensive report on the U.S. government’s job market will arrive Friday. Worrying that Trump's trade war could put the U.S. economy into recession. The president's tariff rollout during the same period has created profound uncertainty about what is about to happen.
“I didn't get credit or smear for the stock market,” Trump said Wednesday. “I just said we inherited a mess.”
The uncertainty of Trump's tariffs has triggered historical volatility in financial markets, from stocks to bonds to the value of the dollar, hurting investors.
In energy trading, U.S. benchmark crude oil fell to $1.07 to $57.14 a barrel. International Standard Brent Intrude gave up $1.00, $60.06 a barrel.
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