Shares were mostly higher in Europe and Asia on Monday after Wall Street closed out another bumpy week marked by uneasiness over the outlook for inflation and interest rates.
A person wearing a protective mask walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, Feb. 20, 2023, in Tokyo. Shares were mostly higher in Asia on Monday after Wall Street closed out another bumpy week with a mixed performance. –
India's Sensex slipped 0.5% to 60,702.28. South Korea's Kospi added 0.2% to 2,455.12 and Australia's S&P/ASX 200 was up 0.1% at 7,351.50. Shares in Southeast Asian markets declined, apart from in Bangkok, where the SET gained 0.4%. Jobs are still plentiful, and shoppers are still spending to prop up the most important part of the economy, consumer spending. That’s helped the S&P 500 index hold onto a gain of 6.2% since the start of the year.
In other trading Monday, U.S. benchmark crude oil gained 74 cents to $77.29 per barrel in electronic trading on the New York Mercantile Exchange. It sank $2.19 on Friday to $76.55 per barrel.
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