World shares mixed ahead of U.S. jobless, inflation data

BANGKOK (AP) — Shares were mixed in Europe and Asia ahead of the release Thursday and Friday of U.S. jobless and inflation data.

U.S. futures turned higher and oil prices rebounded.

Investors are watching for data that may yield more insights into inflation’s path ahead and how the Fed will continue fighting high prices.

The U.S. will release data on weekly unemployment claims on Thursday. The jobs market has been a strong area of the otherwise slowing economy and that has made it more difficult for the Fed to tame inflation.

The government will release a report on wholesale prices Friday that will provide more details on how inflation is affecting businesses.

Shares rose more than 3% in Hong Kong as investors assessed the potential impact of a on the Chinese mainland.

On Wednesday, rules on isolating people with COVID-19 were eased and virus test requirements were dropped for some public places in a dramatic change to a strategy that had confined millions of people to their homes and and demands for President Xi Jinping to resign.