Asian Stocks Edge Higher as CPI Calms Wall Street: Markets Wrap

-- Asian equities rose early Thursday after in-line US inflation data calmed market jitters on Wall Street as traders prepared for Federal Reserve rate cuts next month.Shares in Japan led gains in the region after economic growth data exceeded forecasts, while stocks in Australia also advanced. The S&P 500 and Nasdaq 100 both gained Wednesday after year-on-year core consumer prices, which excludes food and energy costs, increased at the slowest pace since early 2021.

Australian bond yields fell to a 13-month low as speculation grew that the Reserve Bank of Australia is nearing the start of its own rate-cut cycle. Tencent Holdings Ltd. will be in focus after posting an 82% increase in net income, helped along by demand for its mobile games. Despite the results, the company’s US-listed shares fell Wednesday, weighed down by concerns about the Chinese economy.

Megacaps were mixed, with Nvidia Corp. up and Alphabet Inc. down. Wall Street’s “fear gauge” - the VIX - continued to subside, dropping to around 16. That’s after an unprecedented spike that took the gauge above 65 last week. In commodities, oil clawed back gains in early trading after falling for a second session on Wednesday. Gold edged higher after two daily declines to trade above $2,450 per ounce.US initial jobless claims, retail sales, industrial production, ThursdayThe Bloomberg Dollar Spot Index was little changedThe yield on 10-year Treasuries was little changed at 3.83%West Texas Intermediate crude rose 0.3% to $77.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Asian shares slip after decline on Wall Street led by falling tech stocksTOKYO (AP) — Asian shares dropped early Thursday morning trading after declines on Wall Street, as the gyrations that recently slammed global markets haunted...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

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...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Asian Stocks Advance After Wall Street’s Rebound: Markets Wrap(Bloomberg) -- Stocks in Asia followed a rebound on Wall Street as investors looked beyond Joe Biden ending his reelection campaign to focus on the start of ...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Calm returns to Wall Street as U.S. stocks hold steady during early tradingTraders work on the floor at the New York Stock Exchange in New York, July 1, 2022.
Bron: CBCNews - 🏆 2. / 99 Lees verder »