Asian Stocks Set to Ignore Wall Street CPI-Led Dip: Markets Wrap

-- Equities in Asia were poised to gain, sidestepping losses on Wall Street following hotter-than-expected core inflation that heightened the focus on the Federal Reserve’s next move.Should Evictions Be Banned After Hurricanes and Climate Disasters?

Inflation data released Thursday underscored the challenge facing the Fed. Underlying US inflation rose more than forecast in September in a sign of stalling progress in the fight to bring inflation to target. Separate data showed applications for US unemployment benefits rose last week to the highest in over a year.

“One slightly hotter-than-expected CPI reading doesn’t mean a new wave of inflation has been unleashed, but the fact that it accompanied a jump in weekly jobless claims may add to short-term market uncertainty,” said Chris Larkin at E*Trade from Morgan Stanley. Investors are also gearing up for third-quarter US earnings later Friday from JPMorgan Chase & Co., Wells Fargo & Co and Bank of New York Mellon Corp.China may deploy as much as 2 trillion yuan in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence, investors and analysts said.

“Government agencies are now expected to feel the pulse of the market before publishing policies,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc. “They should avoid letting expectations climb and crash to deal a blow to market sentiment.”JPMorgan, Wells Fargo kick off earnings season for the big Wall Street banks, FridayFed’s Lorie Logan, Austan Goolsbee and Michelle Bowman speak, FridayThe euro was little changed at $1.

Glendale police are investigating after a group of masked and armed suspects shot a man before forcing their way into his home where a woman was still inside. The incident occurred near 59th and Peoria avenues around 4:30 a.m. Police say a man was in his driveway loading his vehicle before leaving for work when someone approached him and shined a light in his face.

Россия Последние новости, Россия Последние новости

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

Asian stocks climb after Wall Street closes its record-setting week mixedHONG KONG (AP) — Asian stocks were mostly higher on Monday, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, China and Britain...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Asian Stocks Advance After Tech Lifts Wall Street: Markets Wrap(Bloomberg) -- Equities in Asia climbed Wednesday after a tech rally lifted Wall Street and bets on Federal Reserve rate cuts stabilized.Most Read from...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024HONG KONG (AP) — Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and ...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Asian stocks defy Wall St selloff, charged by dogged China optimismAsian stocks bucked the global trend to extend a rally on Thursday, fuelled by persistent optimism over China's aggressive stimulus package, although there...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishTOKYO (AP) — Asian shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideTOKYO (AP) — Asian shares mostly rose on Thursday, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »