Stock market today: A mixed day for world shares as Wall Street steadies
Associated PressBANGKOK — World shares were mixed on Thursday after the latest U.S. economic data calmed frazzled nerves on Wall Street. The government reported that the consumer price index rose 0.1% in December from a year earlier, while wholesale or producer prices dropped 2.3%, signaling that demand remains slack in the world’s second-largest economy. “Investors continue to navigate the unpredictable ‘what if’ trading landscape molded by Trump’s presidency — where the initial enthusiasm for tax cuts is now overshadowed by mounting concerns over proposed tariffs and bizarre geopolitical aspirations, like purchasing Greenland or exerting more control over the Panama Canal,” Stephen Innes of SPI Asset Management said in a commentary. On Wednesday, Wall Street was steady a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected. The bond market, which has been a bigger focus for Wall Street recently, moved in a narrow range after Fed Governor Christopher Waller said in a speech that he still expects the central bank to ease rates further in 2025, pushing back against speculation it may already be done after cutting three times since September.