The Latest Breaking News on Markets

Another round of data out of the US is pointing towards inflation there easing, which could mean the Federal Reserve is done with rate hikes, at least for now, and the ASX followed the optimism.

JPMorgan earnings beat, along with other banks. Boeing 737 woes hit BA stock. Tesla is cutting prices in more markets.

Asian stock markets have followed Wall Street lower after the Federal Reserve said its economists expect a “mild recession” this year

The Australian share market took a further downward tumble on Thursday, to end the day down, as traders bet on more interest rate hikes from the Reserve Bank of Australia after the unemployment rate remained steady in March. Read how it all happened.

The major indexes fell Wednesday as Fed staff forecast a recession. China stocks tumbled as Warren Buffett voiced concerns.

Despite the easing of inflation, persistent macroeconomic headwinds are expected to keep weighing on investor sentiment. Hence, fundamentally strong stocks SCOR SE (SCRYY), Thermon Group Holdings (THR), and The L.S. Starrett Company (SCX) riding high on momentum and sentiment could be worthy investments to secure uplifting returns amid chronic market…

The stock market disliked the FOMC minutes citing a possible recession, closing the day in the red. This airline stock plunged over 9%.

The Dow was up 0.2%. The CPI edged up 0.1% from the previous month and 5% year over year. Both gauges showed improvement from February.

The Dow Jones Industrial Average rallied 150 points Wednesday morning on cool inflation data, with the release of the Consumer Price Index.