Asia Stocks Set to Gain as CPI Data, Fedspeak Loom: Markets Wrap

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Finance News

Asia Stocks,CPI Data,Fedspeak

Summary of the latest news in the financial markets, including Asia stocks, failed trade talks, TSX index gain, FTX employee bonus demand, oil output projections, yen surge, emerging-market stocks, hedge fund activities, housing tax deadline extension, salary negotiation gender gap, and Canadian financial stress.

Asia stocks are expected to gain as CPI data and Fedspeak are anticipated. UK Minister expresses no surprise over failed EU and Australia trade talks. TSX index sees a 0.28% gain driven by tech and energy sectors. An FTX employee recruited by Sam Bankman-Fried demands a $275,000 bonus. Oil output in the Permian basin is projected to increase until at least year-end. The yen surges from its yearly low due to options expiry. Emerging-market stocks rebound as China sentiment improves.

Hedge funds are increasingly shorting oil amid negative sentiment. Ottawa extends the deadline for underused housing tax. Surveys reveal that women are less likely to request a raise or negotiate salary. Many Canadians are facing financial stress and are close to being broke. Canadian tech workers earn 46% less than their U.S. counterparts

 

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