Asian stocks rise as US inflation cools

The Labor Department's Consumer Price Index rose 4.9% in April from a year ago, compared with expectations of a 5% increase, raising hopes that the Federal Reserve's interest rate hiking cycle is close to an end. Month-over-month CPI in April rose 0.4% after gaining 0.1% in March.

"Should the data stay strong again in May there is every likelihood the FOMC will have to revise up its GDP and inflation projections and take down its unemployment forecast of 4.5% for Q4 this year. That could have significant implications for the dot plot," ANZ analysts said in a note. Markets are also watching out for China's consumer and producer price growth data and Japan's full-year earnings season which rolls on with Honda

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian Stock Market: Manifests strength despite uncertainty over US debt ceiling talks, oil rally pausesAsian Stock Market: Manifests strength despite uncertainty over US debt ceiling talks, oil rally pauses – by Sagar_Dua24 Asia Oil Nikkei TradeBalance DollarIndex
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Asian Stock Market: Uncertainty persist as investors await US Inflation, oil corrects to near $73.00Asian Stock Market: Uncertainty persist as investors await US Inflation, oil corrects to near $73.00 – by Sagar_Dua24 Asia Nikkei BOJ Inflation Oil
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

Stock market news today: April CPI report, debt ceiling limit top of mindUS stocks trade mixed as investors prepare for April inflation data and debt ceiling showdown
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »