From Investing.com: 2024-04-16 04:31:36

Asian stocks dipped as the dollar rose to 5-month highs after strong U.S. retail sales data, decreasing expectations for Fed rate cuts. Geopolitical tensions supported gold and oil prices, with investor focus now on China’s upcoming GDP data. U.S. stocks fell due to concerns over Iran and Israel tensions. Netanyahu summoned his war cabinet to discuss a response to Iran’s attack. U.S. retail sales increased by 0.7% in March, surpassing economists’ expectations, leading to reduced rate cut forecasts. Elevated Treasury yields boosted the dollar, keeping the yen low, prompting concerns over intervention and potential rate hikes in Japan. Oil and gold prices rose on Middle East tensions.



Read more at Investing.com: Asian shares slide on Fed rate cut rethink; China GDP in focus By Reuters