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: .HSI, 7974.T-JP, 9984.T-JP, AUD=, .IXIC, .N225, @CL.1, JPY=, .SZI, .DXY, .SSEC, @LCO.1, .AXJO, .KS11,
Keywords: ice brent crude (apr'23), softbank group corp, hang seng index, australian dollar/us dollar fx spot rate, kospi index, breaking news: asia, nintendo co ltd, usd/jpy, world markets, shenzhen component index, s&p/asx 200, wti crude (mar'23), shanghai, breaking news: markets, business news, asia economy, markets, dxy us dollar currency index, jerome powell, nasdaq composite, nikkei 225 index,
Source: https://www.cnbc.com/2023/02/08/asia-pacific-markets.html