Asia shares pause ahead of inflation feast
From Yahoo Finance:
Asian shares near seven-month highs as investors await key inflation data from the US, Japan, and Europe. The Fed’s favored inflation measure, the core PCE price index, is expected to rise by 0.4%. Investors are now expecting a Fed easing in June rather than May, with markets pricing in over three quarter-point cuts this year. While Wall Street hit new highs, Asian shares remained steady due to uncertainty. Japanese consumer prices are forecasted to slow to 1.8%, while European core inflation is expected to drop to 2.9%. The RBNZ may hike rates despite inflation concerns. Bond yields hit a three-month high, and currency markets felt the impact, with the yen reaching multi-month lows. Gold prices were steady, and oil prices dipped due to demand concerns.
Read more at Yahoo Finance: Asia shares pause ahead of inflation feast