Stocks show resilience to wall of rates and inflation worries

Investors will also focus on the U.S. Personal Consumption Expenditures index reading, the Fed's favoured inflation gauge, due before the opening bell on Wall Street.signalled on Thursday that the U.S. central bank was likely to resume its monetary tightening campaign after a break earlier this month.from China stoked expectations of fresh stimulus.

Copper prices were set for their biggest quarterly fall since September 2022 on the weak Chinese data and prospects of further U.S. rate hikes. The yen remained fragile after hitting the psychologically important barrier of 145 per dollar, fuelling intervention worries as Japan's Finance Minister Shunichi SuzukiMSCI's broadest index of Asia-Pacific shares outside Japan"There is a growing divergence in the path of inflation across the region, which is leading to some disagreement about the right path for policy," said Rob Carnell, ING's regional head of research, Asia-Pacific.

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U.S. stocks open lower as chip stocks fall, investors await comments from Fed Chair PowellU.S. stock indexes opened lower on Wednesday as chip stocks tumbled after a report that Washington lawmakers are considering new curbs on export of chips for AI to China. The Dow Jones Industrial Average shed 0.2%:
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