Bloomberg·1 min read·medium
Asian Stocks Poised to Track US Gains on Soft CPI: Markets Wrap - Bloomberg.com
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Anand Krishnamoorthy
✦AI Summary
Asian stock markets saw gains as investors reacted to cooler-than-expected U.S. inflation data, which reduced expectations for Federal Reserve interest rate hikes. The market rally was further supported by continued momentum in the artificial intelligence sector.
Asian shares rose as traders trimmed bets on Federal Reserve interest-rate hikes following cooler-than-expected US inflation data, while the artificial intelligence trade gathered fresh momentum. Oil…
businesseconomyai
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