World stocks mixed after Wall Street's post-election rally loses steam

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The FTSE 100 fell aft information from the Office for National Statistics showed economical maturation slowed to 0.1% successful the July-September 4th from the 0.5% successful the erstwhile quarter

FILE - Currency traders enactment    astatine  the overseas   speech   dealing country   of the KEB Hana Bank office  successful  Seoul, South Korea, Tuesday, Nov. 12, 2024. (AP Photo/Ahn Young-joon, File)

Currency traders enactment astatine the overseas speech dealing country of the KEB Hana Bank office successful Seoul, South Korea

European shares kicked disconnected with a dip, portion Asian stocks showed mixed results connected Friday, pursuing a gaffe successful US stocks arsenic the market's important rally post-Trump's predetermination triumph began to suffer steam.

The UK's FTSE 100 saw a 0.4% driblet to 8,038.17 aft information from the Office for National Statistics revealed that economical maturation had slowed to 0.1% successful the July-September quarter, down from 0.5% successful the previius quarter, falling abbreviated of analysts' predictions.

Germany's DAX besides fell by 0.6% to 19,148.74, and successful Paris, the CAC 40 was down by 0.8% astatine 7,252.69. The aboriginal for the S&P 500 was 0.8% lower, and that for the Dow Jones Industrial Average fell by 0.6%. Over successful Tokyo, the Nikkei 225 scale roseate by 0.3% to 38,642.91. The yen has been weakening against the US dollar, which has boosted stock prices for exporters similar Nissan Motor Co., whose shares leapt by 4.5% connected Friday.

Japan's system grew astatine a 0.9% yearly gait successful the July-September quarter, an summation from the 0.5% emergence successful the erstwhile quarter, adjacent arsenic the Bank of Japan raised its cardinal involvement complaint to 0.25% from 0.1% successful July. The BOJ announced during its October gathering that it plans to proceed hiking rates, perchance aiming for 1% successful the 2nd fractional of the adjacent fiscal year, starting successful April, if economical enactment and prices make arsenic expected.

The Hang Seng scale successful Hong Kong dipped somewhat by 0.1% to 19,426.34 portion Shanghai's Composite scale took a heavier fall, declining 1.5% to 3,330.73, adjacent aft a National Bureau of Statistics study connected Friday indicated China’s retail income overtook expectations with a emergence of 4.8% year-on-year successful October. However, the boost successful income was shadowed by a slowdown successful concern output and lone flimsy improvements successful the existent property sector.

Australia's S&P/ASX 200 experienced a raise, climbing by 0.7% to scope 8,285.20, whereas South Korea’s Kospi scale saw an ever-so-slight alteration of 0.1%, settling astatine 2,416.86. In the US, pursuing a grounds precocious earlier successful the week, the S&P 500 dropped by 0.6% connected Thursday. The Dow Jones Industrial Average besides fell by 0.5%, with the tech-focused Nasdaq composite diminishing by a akin borderline of 0.6%.

Tesla, 1 of the stocks that surged pursuing Trump's predetermination victory, witnessed a diminution arsenic shares dropped 5.8%, marking its 2nd setback since Election Day. Elon Musk, Tesla's chief, who has precocious go a salient state to President Trump, would beryllium watching closely.

Smaller companies, often thought to payment from Trump's "America First" approach, mislaid much than their larger multinational counterparts, perchance affected by concerns implicit imaginable tariffs and commercialized wars. The Russell 2000 index, which tracks small-cap stocks, witnessed a downturn of 1.4%.

Economic figures showed that ostentation astatine the wholesale level successful the US had intensified, with October registering a 2.4% yearly summation — stepping up from September's 1.9% complaint and surpassing economist predictions. Meanwhile, a abstracted study suggests that the US occupation marketplace remains robust. The fig of US workers applying for unemployment benefits past week decreased, indicating that layoffs are not connected the rise.

In different aboriginal Friday dealings, US benchmark crude lipid dropped 98 cents to $67.72 per tube successful physics trading connected the New York Mercantile Exchange. Brent crude, the planetary standard, fell by $1 to $71.56 per barrel.

The dollar depreciated to 155.51 Japanese yen from 156.23 yen, portion the euro somewhat accrued to $1.0568 from $1.0534.

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