Morning Bid: Central bank bonanza, stocks on a roll

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The Fed may pause its rate-hiking cycle, though a U.S. consumer price-inflation report could complicate those plans.

A man walks past an electric monitor displaying Japan's Nikkei share average and recent movements, outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei KatoAsian markets will turn their attention to a series of central bank meetings after ending last week on a buoyant note.

Meanwhile, Japan's Nikkei has posted nine straight weekly gains. Even beaten-up China stocks managed to end higher on Friday, buoyed the automobile and technology sectors, even as disappointing inflation data weighed on investor sentiment.

 

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