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Asia stocks sedate, dollar steady as inflation tests await

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Asia stocks sedate, dollar steady as inflation tests await

SINGAPORE -Asian stocks inched higher on Friday, while the dollar was steady, keeping the pressure on the yen, as investors await inflation readings from Europe and the U.S. that will likely dictate the path of interest rates globally.

Financial markets have been biding their time for the main data event of the week - Friday's April report on U.S. core personal consumption expenditures price index, which is the Fed's preferred inflation gauge. Inflation report from the euro zone is also due on Friday. Meanwhile, markets have so far shrugged of the Donald Trump verdict after he became the first U.S. president to be convicted of a crime on Thursday.

 

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