Stocks in Asia soar as cooling inflation feeds hopes Fed will ease up

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Asian shares scaled a seven-week high on Friday, while the dollar wobbled after cooler-than-expected U.S. inflation data sparked hopes that the Federal Reserve could tone down its aggressive interest rate hikes.

soared 5.33%, set for its biggest one-day percentage jump since March 2020. The index is down 23% for the year but is heading for a weekly gain of more than 7%, the biggest in more than two years.

Data on Thursday showed that the U.S. consumer price index had been 7.7% higher in October than a year earlier. It was the first annual increase of less than 8% since February and the smallest since January. Investors poured into risky assets after the data, sending the dollar tumbling and U.S. Treasury yields to a five-week low.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités