Asian shares rise ahead of key inflation data, global easing expected

From Investing.com: 2024-05-26 20:25:37

Asian shares inched higher as investors awaited key U.S. inflation data. Forecasted core PCE rise of 0.3% in April could set stage for interest rate cut. Euro zone inflation expected to tick up to 2.5%, ECB likely to ease policy. Bank of Canada may also ease, Fed expected to wait until September for first move.

Equities and commodities benefit from lower borrowing costs globally. MSCI’s Asia-Pacific shares rose 0.1%, tech stocks gain. Yen at risk of intervention, dollar at 156.89 yen. Euro at $1.0845, gold at $2,337 an ounce. Oil prices near four-month lows, OPEC+ to meet on June 2.

Nasdaq futures dip after Nvidia beats expectations, contributes to tech gains. Currency markets focus on yen and dollar levels. Euro steady at $1.0845. Gold holds at $2,337 an ounce. Oil prices stagnant near four-month lows, OPEC+ meeting to discuss production cuts.



Read more at Investing.com: Asia shares inch higher before inflation tests By Reuters