Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.

Wall Street stocks retreated Friday as the market's latest rally lost steam, while the yen pushed higher after the Bank of Japan lifted interest rates.

NEW YORK (AP) — U.S. stocks are drifting around a record on Friday as they head for the close of a second straight winning week.

Shares are mixed in Asia after U.S. stocks edged back from their all-time high, with many regional markets closed for lunar new year holidays

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(AP Photo/Shuji Kajiyama, File) Bank of Japan Gov. Kazuo Ueda arrives at its headquarters in Tokyo Friday, Jan. 24, 2025. (Japan Pool/Kyodo News via AP) People walk along a pedestrian crossing at Ginza shopping street in Tokyo, on March 31, 2023 ...

Wall Street is pointing slightly lower in early trading but is on track to close the week with solid gains on healthy quarterly earnings reports from large U.S. corporations. Futures for the S&P 500 ticked down 0.

Australia's inflation rose 0.2% in the December quarter and 2.4% annually, according to data released by the Australian Bureau of Statistics.

On the winning side of Wall Street were Novo Nordisk’s U.S.-listed shares, which jumped 8.6%. The Danish company reported results from a clinical trial of a treatment for people who are overweight or obese, which could mean bigger profits in the future.

Wall Street is pointing slightly lower in early trading but is on track to close the week with solid gains on healthy quarterly earnings reports from large U.S. corporations

As a tech stock rout and U.S. dollar swings driven by President Donald Trump's tariff threats send markets into a tailspin, investors are piling into assets from Japan's yen to European credit that could act as a buffer to the turbulence.

TwentyFour Asset Management co-head of investment grade Gordon Shannon said the impossibility of predicting Trump's policies had prompted him to favour bonds issued by domestically focused European banks, utilities providers and telecoms groups whose interest payments were reliable.