From Yahoo Finance: 2024-05-15 17:51:31

Global stock markets are soaring to new highs in Asia, fueled by hopes of U.S. interest rate cuts after benign inflation data. China faces deflation fears, while Japan could see equity rally tempered by yen’s strength. Despite this, market sentiment remains positive with rising stocks and falling bond yields. U.S. inflation report suggests rate cuts are likely, with July now a possibility and 50 basis points of cuts priced in. Asian investors will be watching Japanese GDP, Australian unemployment, and Philippines’ monetary policy decision closely. Key Chinese companies like Baidu and JD.Com are set to report earnings. Philippines’ central bank expected to hold rates steady at 6.50%.



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