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Asia-Pacific stocks set for muted open; S&P 500 sails to record close on Wall Street

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The S&P 500 rose nearly 0.5% overnight on Wall Street to a record closing high of 4,239.18.

U.S. consumer prices jumped 5% in May, the fastest pace since August 2008, the U.S. Labor Department reported Thursday. That was higher than a gain of 4.7% forecasted by economists surveyed by Dow Jones.

SINGAPORE — Shares in Asia-Pacific looked poised for a muted Friday open, following gains overnight on Wall Street that saw theFutures pointed to a quiet open for Japanese stocks. The Nikkei futures contract in Chicago was at 28,985 while its counterpart in Osaka was at 28,910. That compared against theShares in Australia also looked set to open little changed, as the SPI futures contract stood at 7,307.0, against theOvernight stateside, the S&P 500 rose nearly 0.

The gains came on the back of the release of a closely-watched U.S. inflation report. U.S. consumer prices jumped 5% in May — the fastest pace since August 2008 — the

 

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