Asian Stocks to Fall as US CPI Shifts Into Focus: Markets Wrap
From Yahoo Finance:
Shares in Asia are set to open quietly as investors await US inflation data expected to show a slowing in core prices. Equities in Australia and share futures in Japan fell, while futures in Hong Kong rose. Hong Kong futures got a boost after China reported a 0.7% increase in consumer prices, exceeding expectations. Currencies are stable in Asia following a 1% decline in the dollar last week. The jobs report from the US last week did little to change expectations for a soft landing in the US economy. Yields in Australia and New Zealand were flat. Oil and gold prices fell, while Bitcoin held steady. Key events this week include CPI reports from various countries and ECB meetings. Stocks, yen, and currencies were largely unchanged. Bitcoin and Ether fell slightly.
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