HONG KONG (AP) — Asia stocks were mostly higher on Tuesday, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve. Oil prices advanced while U.S. futures were mixed. The yen weakened, coming close to a 34-year low. Japan’s benchmark Nikkei 225 gained 0.8% []
The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
Stocks slid and bond yields soared on Wednesday after inflation data came
BANGKOK (AP) — Shares were mixed Wednesday in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports. Hong Kong’s Hang Seng gained 1.7% to 17,115.94
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
High interest rates have created strong headwinds for the global energy transition, according to a new report by Wood Mackenzie.
Analysts expect the headline rate of inflation for March to ease to 3.2 per cent from 3.4 per cent, when new figures are published this week.
The consumer-price index, driven by fuel and housing costs, rose 0.4% from February, higher than the 0.3% expectedGlobal financial markets have scaled back expectations for an imminent cut in interest rates on both sides of the Atlantic after figures showed US inflation rose by more than expected in March.Figures from the US Department of Labor show a jump in fuel and housing rental costs drove up the consumer price index (CPI) to 3.5% in March compared with a year earlier, higher than expected...
Stocks (^DJI, ^IXIC, ^GSPC) are gearing up for March's CPI (Consumer Price Index) and PPI (Producer Price Index) inflation prints due out this week. In turn, the pressure has turned up for the Federal Reserve as investors begin to price in less interest rate cuts for 2024. JPMorgan Chase & Co. (JPM) CEO Jamie Dimon outlined his concerns about "stickier inflation and higher rates" in his annual shareholder letter. Over in the commodity sector, gold futures (GC=F) edge higher while oil prices...
CNBC's Jim Cramer reviewed last Friday's nonfarm payroll report and highlighted the thriving economy.
Markets will be hoping for stronger evidence that US inflation is falling to target when the latest figures are released on Wednesday.
Inflation and hiring have been firmer than expected this year, weakening