Asia-Pacific markets mixed as investors assess inflation data from India and Japan
Publishing timestamp: 2024-05-14 03:19:05
Summary
Asia-Pacific markets were mixed as investors assessed India's inflation numbers. In the US, traders grappled with rising inflation expectations. Shares of meme stock GameStop soared, while Softbank Group Corp. posted its first annual gain in three years. Daiwa Securities Group shares tumbled after announcing a stake in Aozora Bank. Only three ETFs worldwide have produced double-digit annual returns over the past five years. Analysts expect two of the three ETFs to rise by double-digits again over the next 12 months. Rates fell after the Fed's dovish turn, boosting the outlook for growth stocks. Last week's equity rally indicates the market is moving past its pullback. Federal Reserve Vice Chair Philip Jefferson backed the current stance of monetary policy.
Sentiment: MIXED
Tickers: @CL.1, .AXJO, 9984.T-JP, .DJI, .DXY, GME, .SPX, 8601.T-JP, JPY=, .SSEC, .HSI, .KS11, 8304.T-JP, .IXIC, .SZI, AUD=, @LCO.1, .N225,
Keywords: dxy us dollar currency index, shanghai, australian dollar/us dollar fx spot rate, breaking news: markets, gamestop corp, prices, australia, s&p 500 index, kospi index, nasdaq composite, wti crude (mar'23), business news, shenzhen component index, nikkei 225 index, hang seng index, breaking news: asia, markets, dow jones industrial average, s&p/asx 200, asia economy, ice brent crude (apr'23), economic events, world markets, usd/jpy,
Source: https://www.cnbc.com/2024/05/14/asia-markets.html