Asia markets largely fall as U.S. inflation stokes higher-for-longer rate worries; China CPI slows
Publishing timestamp: 2024-04-11 03:35:07
Summary
Asia-Pacific markets fell after U.S. inflation data came in hotter than expected, raising concerns about Federal Reserve keeping interest rates higher for longer. Fast Retailing reported a rise in profit but lowered revenue guidance. Investors are taking a more bearish stance on the Fed's rate-cutting timeline. Key U.S. inflation metric came in hotter than expected, potentially delaying rate cuts.
Sentiment: MIXED
Tickers: .DJI, .SPX, US10YTIP, .SSEC, .N225, JPY=, .DXY, .KS11, .HSI, AUD=, @CL.1, 9983.T-JP, .AXJO, .SZI, @LCO.1, .IXIC,
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Source: https://www.cnbc.com/2024/04/11/asia-markets-live-updates-us-cpi-china-cpi-china-ppi.html