SYDNEY - Asian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen's decline and awaited U.S. inflation data later on Wednesday for clues to future interest rate moves.
However, further weakness in the Japanese currency could prompt authorities to intervene, especially if the yen breaks 152 per dollar. U.S. consumer price data due on Wednesday will be closely watched by investors as they seek direction on the next move in interest rates. The data is expected to show a rise in headline inflation to 3.4% year-on-year, from 3.2% in February."Markets are looking at the data to answer one question: is inflation sticky or is the disinflation progress in line with Fed's expectations?," ANZ's economists said.The prospect of a U.S.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian shares mostly rise as investors look to earnings and inflation signsTOKYO (AP) — Asian shares mostly rose Monday as investors looked ahead to earnings reports from top global companies and a consumer prices report that will...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian shares are mixed after Wall St pulls back after a shaky dayHONG KONG (AP) — Asian shares were mixed on Tuesday after Wall Street pulled back from its record following a shaky day of trading, putting at least a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%BEIJING (AP) — Asian shares were mostly lower on Monday after Wall Street’s huge rally faltered last week. Japan’s Nikkei 225 index shed 2.5% to 38,704.10...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian stocks gain ahead of US and Japan rate decisionsHONG KONG (AP) — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve. Oil prices and U.S...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Asian stocks gain ahead of US and Japan rate decisionsHONG KONG (AP) — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve. Oil prices and U.S. futures rose.
Source: SooToday - 🏆 8. / 85 Read more »