CNBC Daily Open: Key inflation data looms with rate cuts in focus
Publishing timestamp: 2024-02-13 02:30:01
Summary
The Nikkei 225 briefly crossed the 38000 level for the first time since 1990, while other markets in the region also advanced. China is facing a lack of confidence from external investors and domestic savers due to stock market issues and deflation problems. China and Russia are seen as less of a threat to Western populations compared to non-traditional risks. Bitcoin surged past the $50000 level. Despite China's problems, there are still investment opportunities in certain sectors and stocks. Wall Street is anticipating the U.S. inflation report, which will impact the Fed's decision on interest rates.
Sentiment: MIXED
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