Asia-Pacific markets rise as Japan's inflation data reaches highest since 1981
Publishing timestamp: 2023-01-20 02:54:50
Summary
Markets in Asia-Pacific traded higher on Friday as investors digested Japan's inflation data. Stocks on Wall Street fell Thursday as investors grew increasingly concerned Federal Reserve will keep raising rates despite signs of slowing inflation. Singapore expects to see full recovery across all markets by sometime in 2024. Federal Reserve Bank of New York President John Williams emphasized there is more to be done in terms of monetary policy to bring inflation down to central bank's target. Bitcoin fell roughly 0.5% after Crypto firm Genesis filed for Chapter 11 bankruptcy in New York. People's Bank of China left loan prime rates for 1-year and 5-year unchanged. Morgan Stanley is predicting that Chinese stocks will beat global markets this year.
Sentiment: POSITIVE
Tickers: .DXY, AUD=, .SZI, @LCO.1, @CL.1, .N225, JPY=, .HSI, .KS11, .AXJO, .SSEC, JP10Y-JP,
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