Asian stocks drift higher with China trade, inflation in focus

Investing.com-- Asian stocks rose on Tuesday, recovering a measure of recent losses as investors awaited more cues on a potential trade war between China and the West, while upcoming inflation prints were also in focus.

Regional markets took middling cues from Wall Street, which ended largely lower on losses in heavyweight chipmaking stocks. U.S. futures traded sideways in Asian trade.data, which is the Federal Reserve’s preferred inflation gauge, and is likely to factor into the outlook for U.S. interest rates. Chinese ministers were seen engaging in dialogue with German officials over potentially reducing or even lifting the tariffs, which are set to be imposed from July.

Concerns over China have been a key weight on sentiment towards Asia in recent sessions, especially if the country escalates trade tensions with other major economies.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks drift higher before PCE data; Weak China PMIs spur stimulus hopesAsian stocks drift higher before PCE data; Weak China PMIs spur stimulus hopes
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares mostly lower as China reports factory output slowedShares are mixed in Asia after China reported its factory output slowed in May, with the property market still in the doldrums.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares mostly lower as China reports factory output slowedShares are mixed in Asia after China reported its factory output slowed in May, with the property market still in the doldrums.
Source: wjxt4 - 🏆 246. / 63 Read more »

Man who targeted Asian business owners with robbery crew headed to prisonThe group robbed more than 50 Asian and Asian-American business owners, authorities said.
Source: njdotcom - 🏆 282. / 63 Read more »

Asian stocks fall amid China-EU trade jitters; inflation in focusAsian stocks fall amid China-EU trade jitters; inflation in focus
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks dip amid China trade jitters, BOJ in focusAsian stocks dip amid China trade jitters, BOJ in focus
Source: Investingcom - 🏆 450. / 53 Read more »