Asia stocks rise on manufacturing rebound, metals prices climb, U.S. inflation data in focus.

From Yahoo Finance: 2024-04-08 22:21:00

Industrial metals prices continued to climb as worldwide manufacturing rebounds, driving up Asian shares. Shanghai copper futures reached a two-year high, with Zinc and Aluminium also surging. Precious metals like gold and silver are on the rise. Chinese stocks lag behind while currencies like the Australian dollar and yuan strengthen. U.S. inflation data and European Central Bank meeting are the focus this week, as markets anticipate potential rate cuts. U.S. inflation is expected to hit 3.4%, impacting bond yields and currency exchange rates. ECB may hint at a future rate cut, affecting the euro. Japanese yen faces pressure due to near-zero interest rates. Japanese authorities may intervene to address sharp yen declines.



Read more at Yahoo Finance: Asia stocks rise; metals fly on manufacturing bets