⚠️BREAKING: *ASIA STOCKS RISE ON FED PAUSE BETS, JAPAN'S NIKKEI JUMPS TO ANOTHER 33-YEAR HIGH 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Investing.com-- Most Asian stocks rose on Wednesday as soft U.S. inflation data furthered expectations that the Federal Reserve will pause its rate hike cycle later in the day, with Japan’s Nikkei clearing fresh 33-year highs.
An interest rate cut in China- the country’s first in 10 months- also bolstered hopes that Beijing will keep rolling out supportive measures to spruce up an economic recovery this year. But gains in most Asian markets were relatively limited, as investors still remained wary of any hawkish surprises from the Fed. While U.S.Japanese stocks outperform, dovish BOJ in sight
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Asian stocks buoyed by chipmakers as Fed, CPI data loom By Investing.com⚠️BREAKING: *ASIA STOCKS END HIGHER AS JAPAN'S NIKKEI CLOSES AT NEW 33-YEAR PEAK 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
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U.S. inflation eases to 4.0% in May as key Fed decision looms By Investing.com⚠️BREAKING: *U.S. CPI EASED TO 4% IN MAY TO ITS LOWEST LEVEL IN OVER TWO YEARS 🇺🇸🇺🇸
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Asian markets mixed ahead of Fed rate announcementAsian stock markets were mixed Wednesday after a cooler reading on U.S. inflation fueled hopes the Federal Reserve will postpone a possible interest rate hike.
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Asian shares edge lower, dollar wobbles ahead of FedAsian shares struggled for traction and the dollar was subdued as the market focuses on the probability of a less aggressive Federal Reserve at its policy meeting which concludes on Wednesday.
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