Asia stocks edge up on Nvidia hopes, NZ dollar jumps

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Asia stocks edge up on Nvidia hopes, NZ dollar jumps

New Zealand's central bank offered a sobering assessment of its inflation problems, warning that rates would have to be higher for longer to bring them to heel in a shock to local markets.MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.4%, having already climbed for four straight weeks to reach a two-year top.eased 0.6% as data showed a weak yen was boosting exports but also stoking imported inflation and weighing on business sentiment.

"Sentiment is quite positive, with our bars well-above consensus and a sense that management has left some in the tank to surprise positively," said JPMorgan analyst Josh Meyers. Figures on UK inflation due later in the session could decide whether the Bank of England eases as early as June, or waits to August.

 

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