{"id":122490,"date":"2025-01-13T10:32:45","date_gmt":"2025-01-13T10:32:45","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-world-stocks-follow-wall-streets-retreat-oil-prices-surge-the-associated-press\/"},"modified":"2025-01-13T10:32:45","modified_gmt":"2025-01-13T10:32:45","slug":"stock-market-today-world-stocks-follow-wall-streets-retreat-oil-prices-surge-the-associated-press","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-world-stocks-follow-wall-streets-retreat-oil-prices-surge-the-associated-press\/","title":{"rendered":"Stock market today: World stocks follow Wall Street\u2019s retreat, oil prices surge – The Associated Press"},"content":{"rendered":"

Copyright 2025 The Associated Press. All Rights Reserved.
A person rides a bicycle in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Thursday, Jan. 9, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
The New York Stock Exchange is shown in New York\u2019s Financial District on Dec. 31, 2024. American flags flew at half-staff there following the death of former U.S. president Jimmy Carter. (AP Photo\/Peter Morgan, File)
A person rides a bicycle in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Thursday, Jan. 9, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
A person rides a bicycle in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Thursday, Jan. 9, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
The New York Stock Exchange is shown in New York\u2019s Financial District on Dec. 31, 2024. American flags flew at half-staff there following the death of former U.S. president Jimmy Carter. (AP Photo\/Peter Morgan, File)
The New York Stock Exchange is shown in New York\u2019s Financial District on Dec. 31, 2024. American flags flew at half-staff there following the death of former U.S. president Jimmy Carter. (AP Photo\/Peter Morgan, File)
HONG KONG (AP) \u2014 World stocks retreated on Monday after U.S. stocks fell as good news on the job market<\/a><\/span> added to inflation worries.
The future for the S&P 500 dropped 0.9% and that for the Dow Jones Industrial Average lost 0.4%.
Oil prices surged<\/a><\/span> more than $1 a barrel after President Joe Biden\u2019s administration expanded sanctions against Russia\u2019s critically important energy sector over its war in Ukraine. The Biden administration said the sanctions announced Friday were the most significant to date against Moscow\u2019s oil and liquefied natural gas sectors, major drivers of Russia\u2019s economy.
U.S. benchmark crude oil surged $1.48 to $78.06 per barrel, while Brent crude, the international standard, rose $1.38 to $81.14 per barrel.
In early European trading, Germany\u2019s DAX declined 0.7% to 20,074.11 and the CAC 40 in Paris was down 0.7% to 7,379.02. Britain\u2019s FTSE 100 fell 0.4% to 8,217.34.
Markets in Japan were closed for a holiday.
China reported its exports<\/a><\/span> grew at a 10.7% annual pace in December, faster than expected, as factories rushed to fill orders to beat higher tariffs<\/a><\/span> that U.S. President-elect Donald Trump has threatened to impose once he takes office.
Economists had forecast they would grow about 7%. Imports rose 1% year-on-year. Analysts had expected them to shrink about 1.5%.
The upbeat data failed to boost the region\u2019s stocks. Hong Kong\u2019s Hang Seng dropped 1% to 18,874.14, while the Shanghai Composite lost 0.3% to 3,160.76.<\/p>\n

\u201cAdding to the skittish sentiment is the uncertainty over how Asian economies, especially China, will fare under the shadow of the incoming Trump administration\u2019s \u2018America First\u2019 trade policies,\u201d Stephen Innes of SPI Asset Management said in a commentary.
Australia\u2019s S&P\/ASX 200 dipped 1.2% to 8,191.90. South Korea\u2019s Kospi shed 1% to 2,489.56.
On Friday, the S&P 500 tumbled 1.5%, ending its fourth losing week in the last five. The Dow Jones Industrial Average dropped 1.6% and the Nasdaq composite sank 1.6%.
Stocks took their cues from the bond market, where yields leaped to crank up the pressure after a report said U.S. employers added many more jobs to their payrolls last month than economists expected.
Such strength in hiring is of course good news for workers looking for jobs. But it could also keep upward pressure on inflation by keeping the overall economy humming<\/a><\/span>. That in turn could dissuade the Federal Reserve from delivering the cuts to interest rates that Wall Street loves. Lower rates can not only goose the economy but also boost prices for investments.
The Fed has already indicated it\u2019s likely to ease rates fewer times this year than it earlier expected because of worries about higher inflation. That\u2019s in part because some officials are taking seriously the possibility of tariffs and other policies<\/a><\/span> coming from President-elect Donald Trump<\/a><\/span> that could worsen inflation.
Friday\u2019s jobs report might not have been as strong as it appeared, given weakness in manufacturing.
Markets have been deflating after traders sent U.S. stock indexes to dozens of records last year, banking on a stream of rate cuts coming from the Fed. If fewer cuts materialize than expected, stock prices would likely either need to fall, or profits at companies would have to rise more strongly to compensate.
In other dealings Monday, the U.S. dollar fell to 157.41 Japanese yen from 157.82 yen. The euro dropped to $1.0196 from $1.0244.
Copyright 2025 The Associated Press. All Rights Reserved.<\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Copyright 2025 The Associated Press. All Rights Reserved.A person rides a bicycle in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Thursday, Jan. 9, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)The New York Stock Exchange is shown in New York\u2019s Financial District on Dec. 31, 2024. American flags flew at […]<\/p>\n","protected":false},"author":1,"featured_media":122491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":{"0":"post-122490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"entry"},"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/122490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=122490"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/122490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/122491"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=122490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=122490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=122490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}