Asia-Pacific Markets Set to Rebound After Inflation-Fueled Selloff

Asia-Pacific markets were mostly set to rebound Friday after an inflation-fueled selloff in the previous session, with investor awaiting a fresh batch of economic data from the region.

Singapore will also announce its first-quarter gross domestic numbers, which could receive a boost due to the performances of Taylor Swift's Eras Tour in March, a phenomenon dubbed as"Swiftonomics".The city-state's central bank will also release its monetary policy decision on Friday. In contrast to other countries, Singapore uses exchange rate settings for its monetary policy, instead of a benchmark interest rate.

But the geopolitical risk that lifted prices in the previous session pulled back on Thursday as the attack has not materialized yet, according to Phil Flynn, senior market analyst at the Price Futures Group.shares added 1.7% Thursday and hit an all-time high. This marked the first time the stock notched a record high since July 2021.his annual shareholder letter on Thursday, where he pledged to lower costs while furthering investments in new areas such as artificial intelligence.

Asia-Pacific Markets Rebound Inflation Selloff Economic Data China Trade Numbers Singapore GDP Taylor Swift Eras Tour Swiftonomics Central Bank Monetary Policy Exchange Rate Futures Contract Chicago Osaka Index

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