Asian Stocks to Track US Rally in Countdown to CPI: Markets Wrap

-- Stocks in Asia are set to follow a rally on Wall Street after the latest US inflation data reinforced speculation that the Federal Reserve will be able to start its widely anticipated monetary easing in September.Johannesburg Mayor Quits Amid Infighting, Financial Woes

To Ian Lyngen at BMO Capital Markets, there isn’t anything in Tuesday’s data suggesting the Fed will have any hesitation cutting rates next month. However, Wednesday’s “consumer inflation update is far more relevant to near-term policy expectations,” he said.The S&P 500 saw its biggest four-day rally this year. The Nasdaq 100 climbed 2.5%. Starbucks Corp. surged 25% after ousting its chief and picking Chipotle Mexican Grill Inc.’s Brian Niccol as its next leader.

In New Zealand, economists and investors are largely unsure whether the central bank will begin reversing course and cut its key rate by 25 basis points to 5.25% at its meeting on Wednesday. Oil climbed in early Asia trading, rebounding from losses on Tuesday as the prospect of a potential surplus overshadowed concern about an escalation in the Middle East conflict.US initial jobless claims, retail sales, industrial production, ThursdayS&P 500 futures were little changed; the S&P 500 rose 1.7%The yield on 10-year Treasuries declined six basis points to 3.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Asian Stocks to Echo US Decline as Bonds Rally: Markets Wrap(Bloomberg) -- Asian equities were primed for selling Friday following declines on Wall Street that reflected unease on the health of the US economy and sent...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Join Global Rally, Treasuries Rise: Markets Wrap(Bloomberg) -- Asian equities were set to join a global stock rally as bets the Federal Reserve will soon start cutting rates fueled a rush into riskier...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economyAsian stocks were higher Friday after U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Track US Decline for Second Day: Markets Wrap(Bloomberg) -- Asian equities were primed to track US stocks by notching a second day of declines as signs of economic weakness overwhelmed the market’s...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »