Friday: Germany's DAX was flat at 15,063.33 while the CAC 40 in Paris gained 0.5% to 7,007.77. Britain's FTSE 100 climbed 0.6% to 7,841.77. The futures for the S&P 500 and Dow Jones Industrial Average edged 0.1% lower.
A man walks by an office building across from a securities firm showing Japan's Nikkei 225 index in Tokyo, Friday, Jan. 13, 2023. Shares advanced Friday in Europe and Asia after news that U.S. consumer inflation slowed last month pushed Wall Street benchmarks higher.
The BOJ has kept its key interest rate at minus 0.1%, maintaining that downward pressure from a likely recession is a bigger risk than inflation, which has remained at relatively moderate levels in Japan. Hong Kong's Hang Seng rose 1% to 21,738.66 and the Shanghai Composite index climbed 1% to 3,195.31. The Kospi in Seoul added 0.9% to 2,386.09, while Australia's S&P/ASX 200 jumped 0.7% to 7,328.10.On Thursday, the S&P 500 rose 0.3%. The Dow industrials gained 0.6% and the Nasdaq advanced 0.6%.
Analysts warned investors not to get carried away. There's still pressure on the economy from high rates and more big swings may still be to come. A strong job market is of course good for workers, particularly when their raises have been failing to keep up with inflation. But the Fed maintains that wage gains could lead companies to raise prices to cover their higher costs and only worsen inflation, even though workers' wage gains slowed in December.
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