Asian stocks set for weekly gain on fading US rate hike wagers

Asian stocks set for weekly gain on fading US rate hike wagers

By Ankur Banerjee SINGAPORE, Aug 14 (Reuters) - Asian stocks rose on Friday, poised for their strongest week in two months as benign inflation data dented expectations of an imminent U.S. rate hike, although faltering talks to end the war in the Middle...

Subdued Core Inflation Eases Fed’s Hand as Geopolitical Tensions Test Economic Resilience

The latest inflation numbers landed with a softness that caught the attention of markets and policymakers alike. On August 12, the Bureau of Labor Statistics reported that the Consumer Price Index rose just 0.1 percent in July from the prior month. Headline inflation over the past year slowed to 3.4 percent from 3.5 percent in June. Core prices, which strip out food and energy, climbed 0.2 percent monthly and 2.5 percent annually. That annual co…

Asia stocks set for gain on fading US rate hike wagers

US inflation reports this week suggested pricing pressure remained under control, lowering the odds of a rate increase from the Federal Reserve in September.

Asian stocks set for strongest week in two months

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.28%, heading for a 2.7% weekly gain, its strongest performance since mid-June Asian stocks rose on Friday, poised for their strongest week in two months as benign inflation data dented expectations of ​an imminent U.S. rate hike, although faltering talks to end the war in the Middle East are likely to keep risk sentiment in check. Brent futures steadied at $87.03 per barrel afte…

Greenback Secures Weekly Gains Amid Declining Rate Hike Expectations and Oil Rally

Key Highlights The greenback is poised to close the week higher despite a minor Friday decline July’s producer price data showed no monthly change, dampening Federal Reserve tightening prospects Probability of a September Federal Reserve rate increase has dropped to 35% from 55% last week Japan’s currency faces a 1% weekly decline even after coordinated intervention efforts Crude markets are on track for a 4% weekly surge following US warnings …