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Japan Leads Asian Equity Gains After Benign US CPI: Markets Wrap
apanese stocks led gains in Asian equities after in-line US inflation data calmed market jitters on Wall Street and kept the Federal Reserve on track to cut interest rates next month. The advance in Tokyo followed economic-growth data that exceeded forecasts, while stocks in Australia also rose. Chinese equities gained after data pointed to signs of stabilization in retail sales and home prices. The S&P 500 and Nasdaq 100 both closed higher Wednesday after year-on-year core consumer prices, which excludes food and energy costs, increased at the slowest pace since early 2021. Futures contracts for the two US ... (full story)
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- Posted: Aug 14, 2024 11:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,694
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