Investing.com-- Most Asian stocks rose on Thursday tracking overnight record highs on Wall Street after some soft consumer inflation readings ramped up bets on interest rate cuts in 2024.
The weak data raised more doubts over just how much the Bank of Japan will be able to tighten policy this year. While loose policy bodes well for stock markets, a weakening economy presents more headwinds.Sentiment towards China was battered by the Biden administration imposing higher trade tariffs on several key Chinese sectors, namely electric vehicles, medicine and solar energy.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks up on CPI cheer; weak Japan GDP, China caution limt gainsAsian stocks up on CPI cheer; weak Japan GDP, China caution limt gains
Source: Investingcom - 🏆 450. / 53 Read more »
EUR/USD holds above 1.0800 ahead of Eurozone GDP, according to US CPI dataThe EUR/USD pair trades with a bullish bias around 1.0815 during the early Asian trading hours on Wednesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDPThe Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Asian stocks drift higher as CPI test approaches; China dips on US tariffsAsian stocks drift higher as CPI test approaches; China dips on US tariffs
Source: Investingcom - 🏆 450. / 53 Read more »
Asian stocks skittish amid mixed China cues; earnings, US CPI awaitedAsian stocks skittish amid mixed China cues; earnings, US CPI awaited
Source: Investingcom - 🏆 450. / 53 Read more »
Asian stocks sink amid China headwinds; earnings, US CPI awaitedAsian stocks sink amid China headwinds; earnings, US CPI awaited
Source: Investingcom - 🏆 450. / 53 Read more »