Posted 3/28/2024, 8:12:16 AM
Stocks Mixed as Dollar Strength Weighs on Asian Markets, Fed Inflation Data Awaited
- European shares opened higher after a mixed Asian trading session following another record close for the S&P 500.
- The dollar remained strong against the Japanese yen and Chinese yuan, concerning regulators in Tokyo and Beijing.
- In Tokyo, the Nikkei 225 lost 1.5% while Chinese markets recouped losses from the previous day.
- The S&P 500 climbed to a record high on Wednesday, its first gain since March 21st.
- On Friday, a key monthly update on U.S. consumer spending will be released which includes the inflation measure the Fed monitors.