Asian stocks cautiously optimistic, Chinese data reveals inflation increase, potential stimulus measures

From Yahoo Finance: 2024-05-12 21:10:00

Asian share markets cautiously started the week, with Chinese data to test optimism in the economy. China reported a 0.3% inflation rise in April, easing deflation fears. Reports indicate a planned 1 trillion yuan bond sale for stimulus spending. MSCI’s Asia index hit a 15-month high. U.S. inflation data this week could impact rate cut expectations.

Improved sentiment lifted Chinese blue chips. Japan’s Nikkei eased on speculation of further yen losses. U.S. April inflation report is crucial for market expectations on Federal Reserve policy. Fed speakers to update markets, while upbeat U.S. earnings contribute to record high global share indices. Financial markets suggest strength in the global economy.

With strong earnings reports, S&P 500 futures little changed. Companies are on track for increased earnings by 7.8%. Global share indices reach record highs as interest in rate cuts diminishes. U.S. dollar remains firm, gold stands at $2,362 an ounce, and oil prices fade as U.S. inventories rise. Federal Reserve policy and upcoming data releases will influence market trends.



Read more at Yahoo Finance: Asia stocks brace for US inflation test, China data