Asian stocks tread water with inflation cues on tap

Investing.com-- Most Asian stocks moved in a tight range on Tuesday as investors shied away from big bets before a string of key inflation readings this week, while a U.S. market holiday also made for few trading cues.

But broader markets were largely depressed, as the U.S. Memorial Day holiday also made for few overnight cues.index was a standout performer in Asia, rising 0.9% after strong gains in the prior session. In contrast, China’s benchmark Still, sentiment towards broader Chinese markets appeared to be cooling as investors waited to see just how the country will execute and fund its recent swathe of stimulus measures.Broader Asian markets moved in a flat-to-low range before a string of key inflation readings from the region, and the U.S., due later in the week.fell 0.2% as data showed retail sales grew less than expected in April, amid pressure from inflation and high rates.

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.

Stock market today: Asian shares track Wall Street’s slide on worries over interest ratesAsian shares are mostly lower after a retreat on Wall Street following strong economic reports that raised the possibility of interest rates staying painfully high. U.S. futures edged higher and oi…
Source: mercnews - 🏆 88. / 68 Read more »

Stock market today: Asian shares track Wall Street's slide on worries over interest ratesAsian shares have retreated after strong reports on the U.S. economy raised the possibility that interest rates may stay painfully high. U.S. futures edged higher and oil prices also rose. On Thursday, the S&P 500 fell 0.7% and pulled further from its record set earlier this week.
Source: AP - 🏆 728. / 51 Read more »