From Investing.com: 2024-06-23 20:50:35

Asia shares were subdued as investors awaited U.S. price data and potential Japanese intervention. MSCI’s Asia-Pacific index dropped 0.1%, with South Korean stocks falling 0.5%. Boeing shares may face pressure after reports of potential criminal charges. Yen decline raises pressure on Bank of Japan to tighten policy.

Euro reaches 17-year high against the yen, while U.S. manufacturing activity hits a 26-month high. French election results show far-right party leading first round. Appetites whetted for PCE price index, expected to slow to 2.6% annual growth in May. Market bets on Fed rate cut in September at 65%.

Fed speakers scheduled this week include San Francisco Fed President Mary Daly and Fed Governors Lisa Cook and Michelle Bowman. In commodity markets, gold dips to $2,317 an ounce. Oil prices ease slightly, with crude slipping to $84.84 a barrel and Brent losing to $80.34 per barrel.



Read more at Investing.com: Asia shares subdued as inflation, politics loom large By Reuters