Asia-Pacific markets were set to fall Thursday after U.S. stocks ended a choppy session slightly higher as the Federal Reserve meeting minutes signaled interest rates could stay higher for longer due to sticky inflation.Investors in Asia also await China's inflation data for December. Economists polled by Reuters expect growth in consumer prices to remain near zero while producer prices are estimated to slide.
The U.S. 10-yar Treasury yields briefly topped 4.7%, as the inflation outlook fueled investors' concerns that the Fed may slow the pace of policy easing this year. The broad market index gained 0.16% to close at 5,918.25, while the Dow added 0.25% to finish at 42,635.20. TheCNBC Pro: Beyond Tencent: Goldman refreshes its list of top Asian stocks — giving one nearly 50% upsideThe investment bank also removed several other stocks from the list and added others, including one it gives nearly 50% upside.on its newly announced small AI supercomputer, is expected to see significant financial benefits from the partnership starting in 2026, according to Bernstein.