Stock market today: Asian stocks are mixed ahead of key US inflation data

A person gestures in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Wednesday, Dec. 11, 2024, in Tokyo. A person walks in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Wednesday, Dec. 11, 2024, in Tokyo. People stand in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Wednesday, Dec. 11, 2024, in Tokyo.

Japan’s central bank will hold a two-day policy meeting next week. Markets widely expect the bank to raise short-term interest rates from the current level of 0.25%.. Those were the first back-to-back losses for the index in nearly a month, as momentum slows following a big rally that has the benchmark index on track for one of its

Wednesday’s update on consumer inflation and a report Thursday on inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect this year’s third cut tofrom a two-decade high since September to take pressure off the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation.

, remaining high. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 6.9% even though it delivered profit and revenue for the latest quarter that topped analysts’ expectations.

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