Business Maverick: Japan stocks lift dour Asian session; dollar firm: markets wrap

📆 12/08/2022 10:30:00
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The Asian stock market session was otherwise cautious on Friday while Treasuries were steady as investors assessed how far the Federal Reserve must jack up interest rates to ensure high inflation keeps cooling.

An Asia-Pacific share gauge rose less than 0.5%, propped up by a catch-up rally in Japan following a holiday there. China and Hong Kong struggled to make progress. US futures fluctuated after the S&P 500 and Nasdaq 100 dipped.

in July from a month earlier for the first time in over two years, adding to signs of cooling but still troubling inflation.

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