Asia Stocks to Skew Higher Ahead of US Inflation: Markets Wrap

-- Stocks in Asia mostly pointed higher after US equities recovered and bonds climbed ahead of key inflation data that will help shape the outlook for the Federal Reserve’s next steps.S&P 500 Stages Late-Day Rebound With CPI in Focus: Markets Wrap

After struggling throughout most of the session, the S&P 500 rose back above the 5,200 mark, with Tesla Inc. leading gains in megacaps. Nvidia Corp. sank as Intel Corp. unveiled a new version of its artificial-intelligence chip. US 10-year yields fell six basis points to 4.36% and Australia’s were down six points on Wednesday. Oil held a two-day drop and gold traded near a fresh record.

“We think the hurdle is not crazy severe and the odds are the data will come in good enough to go ahead,” Guha said. To Mohamed El-Erian, the Fed’s longer-run inflation expectations should be revised higher as macro conditions — like supply chains and productivity — evolve. “We continue to favor quality bonds in our global portfolios and recommend investors lock in currently attractive bond yields,” said Solita Marcelli at UBS Global Wealth Management. “We prefer those with maturities in the 1–10-year bracket and see value in sustainable bonds.”US University of Michigan consumer sentiment, FridaySan Francisco Fed President Mary Daly speaks, FridayThe yield on 10-year Treasuries declined six basis points to 4.

United States United States Latest News, United States United States Headlines

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

Asia Stocks to Skew Higher Ahead of US Inflation: Markets WrapStocks in Asia mostly pointed higher after US equities recovered and bonds climbed ahead of key inflation data that will help shape the outlook for the Federal Reserve’s next steps.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks to Open Higher After US Notches Gains: Markets Wrap(Bloomberg) -- Equity markets in Asia look set to open higher Friday after a stellar quarter for US stocks ended on a positive note amid speculation the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asia Stocks Poised to Open Higher on US Tailwinds: Markets WrapEquity markets in Asia are poised for early gains Thursday after Wall Street traders sent stocks higher in the final stretch of a quarter that saw the market surge almost 10%.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Wall Street's most bullish strategist cites a 'big surprise' pushing stocks higher: Morning BriefAs stocks rally to record highs, Wall Street strategists continue to raise their forecasts to keep pace.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Energy stocks help lift S&P/TSX composite higher, U.S. stock markets downTORONTO — Strength in the energy stocks helped lift Canada's main stock index higher in late-morning trading, while U.S. stock markets moved lower. The S&P...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »