News Formal

Stocks in Asia rise, dollar slips as traders eye US inflation data

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Asian shares rose, while the dollar slipped to a two-month low on Wednesday ahead of a crucial U.S. inflation report that will help gauge whether the Federal Reserve is at the end of its aggressive rate hiking policy.

Futures indicated that the risk-on rally was set to continue in Europe, with the Eurostoxx 50 futures up 0.44%, German DAX futures 0.36% higher and FTSE futures up 0.30%.rose 0.77%, set for its third straight day of gains. The index is up 2% for the week and on course for its best weekly gain in a month.

"I think there is a bit of nervousness ahead of the CPI," said Shane Oliver, head of investment strategy at AMP Capital. "There's optimism that it's going to show a further fall but there's awareness, too, that core inflation has been sticky." Fed officials have indicated they expect to hike interest rates by at least another 50 basis points as they tackle persistent price pressures.

In June, the central bank raised its overnight rate to a 22-year high of 4.75% after a five-month pause, saying monetary policy was not restrictive enough. It then said further moves would depend on economic data.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 31. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

LeapFrog plans $500 mln investment in Asian, African climate transition firmsSustainability-focused asset manager LeapFrog Investments said it plans to invest $500 million in companies addressing climate change in Asia and Africa, with projects it hopes will reach up to 50 million low-income people.
Источник: ReutersAfrica - 🏆 31. / 53 Прочитайте больше »