Investing.com-- Most Asian stocks kept to a tight range on Tuesday as anticipation of key U.S. inflation data deterred any major trades, while Chinese markets retreated as another major property developer defaulted on bond payments.
The firm also clocked a sharp decline in sales in the first four months of 2024, as a property market slump showed little sign of easing. Inflation is also expected to remain well above the Fed’s 2% annual target rate, giving the central bank little impetus to immediately begin trimming rates.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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