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Asia markets largely fall as U.S. inflation stokes higher-for-longer rate worries; China CPI slows - TL;DR CNBC

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.SPXUS10YTIP.SSEC.N225JPY=.DXY.KS11.HSIAUD=@CL.19983.T-JP.AXJO.SZI@LCO.1.IXIC

Keywords: wti crude (mar'23)breaking news: asianasdaq compositeusd/jpys&p 500 indexu.s. 10 year tipsnikkei 225 indexbusiness newsshanghaiice brent crude (apr'23)dxy us dollar currency indexaustralian dollar/us dollar fx spot rateasia economys&p/asx 200marketsbreaking news: marketshang seng indexpricesaustraliadow jones industrial averageshenzhen component indexkospi indexworld marketseconomic events

Source: https://www.cnbc.com/2024/04/11/asia-markets-live-updates-us-cpi-china-cpi-china-ppi.html


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