Asian equities gain momentum on the lower US Treasury bond yield. China’s 1 trillion yuan bond issuance boosts Chinese stock markets from 11-month lows. Japan’s National Consumer Price Index for October arrived at 3.3% YoY vs. 2.8% prior. al Consumption Expenditures Price Index data, due later on Friday. Meanwhile, the headlines surrounding the escalating geopolitical tensions in the Middle East might exert pressure on the stock markets. At press time, China’s Shanghai gains 0.
In Japan, Inflation rose faster than anticipated in October and likely prompted the Bank of Japan to take a more hawkish stance at its upcoming BoJ meeting next week. Japan’s National Consumer Price Index for October arrived at 3.3% YoY from the previous reading of 2.8%, data released by the Japan Statistics Bureau on early Friday. Additionally, the National CPI ex Fresh Food surges to 2.7% YoY in October from 2.5% in September. On the Aussie front, Australia’s Producer Price Index eased to 3.
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