Markets cool off, Japan inflation on tap

A classic economic data case of 'good news is bad news' from the United States on Thursday looks set to weigh on Asian markets on Friday, as that eagerly awaited first U.S. interest rate cut gets pushed back further into the distance.

This should fuel risk appetite, but the U.S. PMI report also showed price pressures rising rapidly. With many equity indexes historically high and volatility historically low, investors are choosing caution over adventure. Japanese inflation tops Friday's economic data calendar, which also includes inflation from Malaysia, trade from New Zealand and industrial production from Singapore.

From a markets perspective, it will be interesting to see if discussions touch on trade competitiveness, AI and the chips sector, and exchange rates, after Japan and South Korea last month signed a rare joint statement with the United States to "consult closely" on currencies.Suncor Energy stock has crushed the broader markets in the last 20 years. But this TSX energy stock has beaten Suncor by a wide margin.

Source: Financial Digest (financialdigest.net)

The United States Economic Data Risk Appetite

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Markets Eye Positive Open, Tech in Focus: Markets Wrap(Bloomberg) -- Asian markets are set for a mostly positive open, with technology companies particularly in focus, following a rally in US markets after an...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets cool off, Japan inflation on tapA classic economic data case of 'good news is bad news' from the United States on Thursday looks set to weigh on Asian markets on Friday, as that eagerly...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

BlackRock Asia-Pacific Chief Touts Private Markets, Japan ETFsThe private-market boom is set to get a fresh lease on life in the event the Federal Reserve slashes interest rates – refueling the global hunt for yield along the way, according to the Asia-Pacific head of BlackRock Inc.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks Set to Track US Higher, Led By Japan: Markets Wrap(Bloomberg) -- Asian stocks were set to open higher Tuesday after Wall Street was bolstered by a strong start to the earnings season led by the “Magnificent ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Set to Track US Higher, Led By Japan: Markets WrapAsian stocks were set to open higher Tuesday after Wall Street was bolstered by a strong start to the earnings season led by the “Magnificent Seven” big-tech companies.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

A slice of frugal dividends from the United statesInvestors should expect to see setbacks – and perhaps large ones – over the years
Source: globeandmail - 🏆 5. / 92 Read more »