Reported 11 days ago
Asian stocks have dropped to a two-month low as investors brace for US inflation data that may impact Federal Reserve interest rate cuts. The market reacts to rising Treasury yields and increased inflation concerns driven by President-elect Trump’s proposed economic policies. As traders anticipate potential rate cuts, the bond market shows signs of preparing for a higher consumer price index. Key economic indicators are set to be announced, including US CPI and Eurozone GDP, as market players assess the broader economic landscape.
Source: YAHOO