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Asia-Pacific markets mixed as Fed says inflation is on the decline - TL;DR CNBC

Asia-Pacific markets mixed as Fed says inflation is on the decline

Publishing timestamp: 2023-02-07 19:26:01


Summary

Asia-Pacific markets traded mixed on Wednesday, as Federal Reserve Chairman Jerome Powell acknowledged that inflation is declining. Softbank and Nintendo shares fell after posting disappointing results. The US trade deficit came in smaller than expected for December. Powell and Minneapolis Federal Reserve President Neel Kashkari both said that the process of getting inflation down has begun, but it will take some time.


Sentiment: MIXED

Tickers: .HSI7974.T-JP9984.T-JPAUD=.IXIC.N225@CL.1JPY=.SZI.DXY.SSEC@LCO.1.AXJO.KS11

Keywords: ice brent crude (apr'23)softbank group corphang seng indexaustralian dollar/us dollar fx spot ratekospi indexbreaking news: asianintendo co ltdusd/jpyworld marketsshenzhen component indexs&p/asx 200wti crude (mar'23)shanghaibreaking news: marketsbusiness newsasia economymarketsdxy us dollar currency indexjerome powellnasdaq compositenikkei 225 index

Source: https://www.cnbc.com/2023/02/08/asia-pacific-markets.html


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