Reported 1 day ago
Asian stocks dipped as investors awaited the release of the Federal Reserve’s preferred inflation gauge, assessing its implications for monetary policy. The regional index fell by 0.2%, with declines in Australia and South Korea, while Japan saw a rise due to a yen recovery. The market's cautious trading reflects apprehension over potential US interest rate cuts amid stronger economic data. Meanwhile, a Republican-led House rejected a temporary funding plan, raising concerns about a government shutdown. Focus shifts to upcoming inflation data from the US and other Asian countries.
Source: YAHOO