Asian Stock Market: Vulnerable ahead of US Inflation, China jumps on mixed inflation data By Sagar_Dua24 Asia China Nikkei Inflation Oil
Consumer Price Index states that the inflation rate will stick to the previously reported figure of 8.3%. The US CPI is expected to sustain above 8% consecutively for the third month. This will keep the odds of a prolonged hawkish stance by the Federal Reserve higher.
At the press time, Japan’s Nikkei225 erased 1.40%, Nifty50 tumbled 1.23%, and Hang Seng slipped 0.23%. While China A50 jumped 0.30% on mixed inflation data. China’s National Bureau of Statistics has reported the annual inflation at 2.1%, similar to the prior print but a little lower than the estimates of 2.2%. While the Producer Price Index has come in line with the forecast of 6.4% and is significantly lower than the prior print of 8%. This has delighted the People’s Bank of China to keep up with the prudent monetary policy.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Asian Stock Market: Mixed on positive DXY, RBI raises repo rate by 50 bps, China Inflation eyedMarkets in the Asian domain are trading mixed amid different respective fundamentals. A recovery in Wall Street on Tuesday was expected to infuse opti
Consulte Mais informação »
US Treasury Secretary Janet Yellen: Does not think the US is going to have a recessionSpeaking at a New York event, US Treasury Secretary Janet Yellen explained that she does not think the US is going to have a recession. Key comments E
Consulte Mais informação »
Asian American soldiers hope to inspire next generationOnly about 6% of the Army identifies as Asian American or Pacific Islander. Two Asian-American soldiers share their hopes for the future.
Consulte Mais informação »
Asian markets fall as oil lingers above $120, yen sinksShares were mostly lower in Asia on Thursday as investors watched for fresh signs of inflation and crude oil prices hovered above $120 a barrel, adding to...
Consulte Mais informação »
7 Ways The 'Model Minority' Myth Hurts Asian American's Mental HealthPlus, what Asian American therapists say you can do to ensure it doesn't have an outsized effect on your life.
Consulte Mais informação »