S&P 500   4,140.06 (-0.12%)
DOW   32,832.54 (+0.09%)
QQQ   321.05 (-0.22%)
AAPL   164.88 (-0.28%)
MSFT   280.53 (-0.84%)
META   170.47 (+2.01%)
GOOGL   117.41 (-0.05%)
AMZN   139.63 (-0.83%)
TSLA   871.50 (+0.81%)
NVDA   178.14 (-6.19%)
NIO   20.18 (-0.20%)
BABA   90.95 (-1.74%)
AMD   100.05 (-2.21%)
MU   61.45 (-1.62%)
T   18.00 (-1.91%)
CGC   3.28 (+21.48%)
GE   75.19 (+1.12%)
F   15.78 (+3.14%)
DIS   109.09 (+2.31%)
AMC   23.96 (+8.03%)
PYPL   96.33 (+1.06%)
PFE   49.33 (+0.12%)
NFLX   233.37 (+2.91%)
S&P 500   4,140.06 (-0.12%)
DOW   32,832.54 (+0.09%)
QQQ   321.05 (-0.22%)
AAPL   164.88 (-0.28%)
MSFT   280.53 (-0.84%)
META   170.47 (+2.01%)
GOOGL   117.41 (-0.05%)
AMZN   139.63 (-0.83%)
TSLA   871.50 (+0.81%)
NVDA   178.14 (-6.19%)
NIO   20.18 (-0.20%)
BABA   90.95 (-1.74%)
AMD   100.05 (-2.21%)
MU   61.45 (-1.62%)
T   18.00 (-1.91%)
CGC   3.28 (+21.48%)
GE   75.19 (+1.12%)
F   15.78 (+3.14%)
DIS   109.09 (+2.31%)
AMC   23.96 (+8.03%)
PYPL   96.33 (+1.06%)
PFE   49.33 (+0.12%)
NFLX   233.37 (+2.91%)
S&P 500   4,140.06 (-0.12%)
DOW   32,832.54 (+0.09%)
QQQ   321.05 (-0.22%)
AAPL   164.88 (-0.28%)
MSFT   280.53 (-0.84%)
META   170.47 (+2.01%)
GOOGL   117.41 (-0.05%)
AMZN   139.63 (-0.83%)
TSLA   871.50 (+0.81%)
NVDA   178.14 (-6.19%)
NIO   20.18 (-0.20%)
BABA   90.95 (-1.74%)
AMD   100.05 (-2.21%)
MU   61.45 (-1.62%)
T   18.00 (-1.91%)
CGC   3.28 (+21.48%)
GE   75.19 (+1.12%)
F   15.78 (+3.14%)
DIS   109.09 (+2.31%)
AMC   23.96 (+8.03%)
PYPL   96.33 (+1.06%)
PFE   49.33 (+0.12%)
NFLX   233.37 (+2.91%)
S&P 500   4,140.06 (-0.12%)
DOW   32,832.54 (+0.09%)
QQQ   321.05 (-0.22%)
AAPL   164.88 (-0.28%)
MSFT   280.53 (-0.84%)
META   170.47 (+2.01%)
GOOGL   117.41 (-0.05%)
AMZN   139.63 (-0.83%)
TSLA   871.50 (+0.81%)
NVDA   178.14 (-6.19%)
NIO   20.18 (-0.20%)
BABA   90.95 (-1.74%)
AMD   100.05 (-2.21%)
MU   61.45 (-1.62%)
T   18.00 (-1.91%)
CGC   3.28 (+21.48%)
GE   75.19 (+1.12%)
F   15.78 (+3.14%)
DIS   109.09 (+2.31%)
AMC   23.96 (+8.03%)
PYPL   96.33 (+1.06%)
PFE   49.33 (+0.12%)
NFLX   233.37 (+2.91%)

World stock markets mixed ahead of US jobs data


A currency trader talks with her colleague at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Aug. 5, 2022. Asian stock markets rose Friday ahead of U.S. job market data that might influence Federal Reserve decisions about further interest rate hikes. (AP Photo/Ahn Young-joon)

BEIJING (AP) — Global stock markets and Wall Street futures were mixed Friday ahead of an update on the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation.

London, Paris and Frankfurt were lower while Shanghai and Tokyo advanced. Oil prices fell back.

Investors were looking ahead to monthly U.S. employment numbers for possible signs of weakness that might prompt the Fed to decide it needs to ease off on rate hikes to cool inflation. Other data suggest the economy is slowing, which should reduce pressure for prices to rise.

“Consensus is looking for a softening in the labor market for July,” said Stephen Innes of SPI Asset Management in a report.

In early trading, the FTSE 100 in London lost 0.1% to 7,437.48 and the DAX in Frankfurt was little-changed at 13,660.80. The CAC 40 in Paris lost 0.5% to 6,483.56.

On Wall Street, the future for the benchmark S&P 500 index slipped less than 0.1% while that for the Dow Jones Industrial Average was up less than 0.1%.

On Thursday, the S&P 500 closed 0.1% lower while investors digested corporate earnings reports and waited for the jobs data. The Dow lost 0.3% while the Nasdaq composite rose 0.4%.

In Asia, the Shanghai Composite Index advanced 1.2% to 3,227.03 and the Hang Seng in Hong Kong gained 0.1% to 20,201.94.

The Nikkei 225 in Tokyo gained 0.9% to 28,175.897 after June labor cash earnings rose 2.2% over a year ago, though forecasters warned that strength was unlikely to last. Much of the increase was due to half-yearly bonuses that are paid in June.

The Kospi in Seoul added 0.7% to 2,490.80 and Sydney's S&P ASX 200 advanced 0.6% to 7,015.60.

India's Sensex rose 0.1% to 58,381.11 after the Reserve Bank of India raised its benchmark interest rate by a half percentage point to 5.4%. Central bank Gov. Shaktikanta Das forecast 7.2% economic growth in the year through March and inflation of 6.7%.


New Zealand and Bangkok declined while Singapore rose.

Jakarta advanced 0.4% after Indonesia's economy grew by a stronger-than-expected 5.4% over a year earlier in the latest quarter.

Investors worry rate hikes by the Fed and other central banks in Europe and Asia to tame inflation that is running at multi-decade highs might derail economic growth.

The Fed has raised its benchmark rate twice by 0.75 percentage points this year, three times its usual margin and the biggest hikes since the early 1990s.

Fed officials have tried to calm fears the United States might tip into a recession by pointing to a strong job market as evidence the economy can tolerate higher borrowing costs.

But economists worry that signs of weakness are starting to turn up in hiring, threatening one of the United States’ last remaining redoubts of economic strength. Job openings are down, and the number of Americans signing up for unemployment benefits is up.

The number of Americans who applied for jobless benefits last week rose by a modest 6,000 from the previous week to 260,000, the Labor Department reported Thursday. First-time applications generally reflect layoffs, but forecasters still see the job market one of the strongest parts of the economy.

Data earlier this week indicated the number of new U.S. job openings being advertised slipped but was still near record highs.

In energy markets, benchmark U.S. crude gained 12 cents to $88.66 per barrel in electronic trading on the New York Mercantile Exchange. The contract tumbled $2.12 the previous session to $88.54. Brent crude, the price basis for international trading, advanced 14 cents to $94.26 per barrel. It fell $2.66 the previous session to $94.12.

The dollar gained to 133.45 yen from Thursday's 132.91 yen. The euro declined to $1.0230 from $1.0249.

7 Commodities ETFs to Help Build a Hedge Against Inflation

Commodities are a broad category that covers agricultural products like wheat, corn, and soybeans. It also includes oil and derivative products such as gasoline, natural gas, and diesel fuel.

However, investing in commodities also covers precious metals such as gold and silver as well as base metals like copper and aluminum. And more recently, this sector includes items like lithium that will be needed in many of the emerging sectors of our economy.

Commodities trading is frequently done by trading contracts on the futures market. And it's not for faint-of-heart investors. Prices are volatile and can change quickly due to macroeconomic events.

However, at certain times, particularly in times of high inflation, commodities outperform the broader market. A practical alternative for individual investors looking to profit from commodities is to invest in exchange-traded funds (ETFs). These funds give investors exposure to this sector while reducing the risk that comes from investing in any single commodity.

Here are seven ETFs that you can buy to help build a hedge against inflation.

View the "7 Commodities ETFs to Help Build a Hedge Against Inflation".

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