Asia-Pacific markets are trading higher after the S&P 500 and Dow Jones Industrial Average shook off geopolitical concerns and reached new highs.
which rose 2.8% from a year ago. Economists polled by Reuters had predicted the inflation rate would come in at 2.3%, down from 2.5% in August.
Speaking to"Street Signs Asia" on Thursday, Chetan Ahya, Chief Asia Economist at Morgan Stanley, said that Beijing would need to announce a 10 trillion yuan fiscal stimulus focused on boosting consumption to create a sustained turn around in investor confidence. The U.S. Bureau of Labor Statistics will publish its September data on consumer prices on Thursday morning in the U.S. Economists polled by Reuters expect core inflation to hold steady at 3.2% year-on-year.it would start accepting applications from financial institutions to join a newly created liquidity tool to help facilitate investors to buy shares.
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