Asian Stock Market: Nikkei225 drops as Japan’s inflation accelerates, oil struggles to defend $77.00

s their focus toward a fresh rate hike from the Federal Reserve . Continuous hawkish commentaries from Fed policymakers are weighing heavily on market sentiment.consecutive lower-than-projected weekly jobless claims data. The number of individuals claiming due to unemployment rose to 245K from the consensus of 240K. This signals a cool down in the tight labor market but doesn’t fade the need of more rate hikes from the Fed.

data. Annual national CPI accelerated to 3.2% from the consensus of 2.6% and core PCI jumped to 3.8% vs. the estimates of 3.4%.

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.

Asian Stock Market: Grinds lower amid fresh fears from China, Fed, Oil eases on DXY reboundAsian Stock Market: Grinds lower amid fresh fears from China, Fed, Oil eases on DXY rebound – by anilpanchal7 Asia China Fed RiskAppetite Equities
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock market today: Asian trading mixed ahead of earningsAsian shares were mixed Wednesday, as investors took a wait-and-see stance ahead of earnings reports and possible moves by central banks.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market's 'sell in May and go away' rule could miss summer rallyInvestors who 'sell in May and go away' this year could miss a big summer rally in the stock market, Bank of America says Love how we go from inflation, depression & interest rate hikes to summer rallies MAGA
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news today: US stocks mixed amid corporate earningsUS stocks trade mixed as investors assess wave of earnings results from big companies
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nvidia stock surges on dominant A.I. market position, buy recommendation from HSBCNvidia rallied on Wall Street Tuesday following a 'buy' recommendation from an HSBC analyst as the chipmaker continues to dominate in the A.I. space.
Source: FoxBusiness - 🏆 458. / 53 Read more »