Asia-Pacific Markets Trade Higher After U.S. Stocks Rally for a Second Day

"There is no denying incoming U.S. economic data is having a hand in equity, bond and currency moves so far this week," wrote Ray Attrill, head of FX strategy at National Australia Bank.that couldn't be ignored, he wrote. It's the"first meaningful sign of some cracks" in the labor market, though it is still very tight, he added.

Consumer prices in South Korea rose less than expected in September from a year ago, official data showed. The CPI print came in at 5.6%, compared with 5.7% that economists polled by Reuters predicted. Prices rose 5.7% in August. September's reading marks a second month of softening in inflation, and the slowest growth in four months.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia Is the Best-Performing Asia-Pacific Market So Far This YearIndonesia’s Jakarta Composite index may have faced a couple of bumps in the road in 2022, but it’s the best-performing major Asia-Pacific index so far.
Source: NBCDFW - 🏆 288. / 63 Read more »

European Stocks Set to Slump at the Open, Following Gloomy Sentiment in Asia-PacificThe lower open expected in Europe this morning comes after a gloomy trading session in Asia-Pacific markets, with sharp moves in the price of oil. It already slumped, it's already shorted over the weekend,
Source: nbcsandiego - 🏆 524. / 51 Read more »