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International Finance: Stocks eke out gains, dollar eases before CPI data: markets wrap

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Stocks climbed while the dollar edged down amid cautious trading ahead of US inflation data that may shape the outlook for interest-rate hikes into next year.

Hong Kong scrapping its three-day Covid monitoring period for arriving travellers bolstered sentiment during Asian trading, sending shares in the city higher. US futures remained slightly lower.

Investors will be closely watching the consumer price figures, which are expected to remain elevated even as the rate of increase slows. A subdued CPI print would justify the Federal Reserve’s projected half-point move on Wednesday and shed light on whether markets can expect rate cuts in late 2023.

 

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