Asian Stocks Set to Slip Into CPI, Election Week: Markets Wrap

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Asian Stocks,Currency Markets

(Bloomberg) -- Asian stocks are set to fall into a week that includes measures of inflation that will help guide bets on the outlook for global interest...

-- Asian stocks are set to fall into a week that includes measures of inflation that will help guide bets on the outlook for global interest rates.Dubai Real Estate’s Resilience May Signal End of Boom-Bust Cycle

Traders and strategists are beginning question how long the rally can persist as bond and currency markets gyrate from shifting bets on central bank rate cuts and election uncertainty in Europe. A gauge of global equities has climbed 2.3% this quarter, set for a third straight quarterly gain while US stocks have notched fresh highs this month amid the AI frenzy.

Meanwhile, China and the European Union have agreed to start talks on the bloc’s plans to impose tariffs on electric vehicles imported from the Asian nation. Treasury 10-year yields closed little changed at 4.26% on Friday after the S&P Global’s June preliminary US manufacturing and services PMIs beat estimates. The stronger data unwound an earlier rally in Treasuries following softer European PMI data. France’s risk premium over Germany closed at the highest since 2012.

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