Asian stocks rise on signs of slowing inflation — but investors brace for Fed’s next move

Singapore — Asian stocks rose on Wednesday, bonds were firm and the dollar nursed losses after data showed US consumer prices barely rose in November, stoking hopes that inflation has peaked and interest-rate increases will slow and eventually stop in 2023.

“I suspect it was a bit of ‘hang on, guys’ — next up is the [Fed] and maybe we want to take some profit and keep our positions trim.” The yield on benchmark 10-year US treasuries fell 11 basis points overnight and was steady at 3.4975% in early Asia trade. Two-year yields, which track short-term interest-rate expectations, fell 17.4 bps.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asian stocks lose ground as traders await US inflation dataThe focus is on US consumer price index data that many hope will persuade the Fed to step back from aggressive interest rate hikes
Source: BDliveSA - 🏆 12. / 63 Read more »

International Finance: Asia stocks benchmark clings to gain before Fed: markets wrapA gauge of Asian stocks eased from its session highs, mirroring moves seen on Wall Street, as investors weighed a slowdown in US inflation ahead of the Federal Reserve’s policy decision.
Source: dailymaverick - 🏆 3. / 84 Read more »