Asia stocks

Asia stocks rise ahead of US inflation data; yen stumbles

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Asia stocks rise ahead of US inflation data; yen stumbles

Asian shares inched up on Tuesday in cautious trading ahead of a crucial U.S. inflation report that could heavily influence the Federal Reserve’s policy outlook, while the fragile yen flirted with one-year lows, putting it back in the intervention zone. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.49% higher, while Tokyo’s Nikkei gained … Read more

Asia stocks fall, dollar stands firm after sticky U.S. CPI

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Asia stocks fall, dollar stands firm after sticky U.S. CPI

Asian stocks slipped while the U.S. dollar was steadfast on Wednesday, following U.S. inflation data and remarks from central bank officials that have investors worrying interest rates are going to be higher for longer. Headline U.S. CPI came in at 6.4% year-on-year for January, a bit higher than the 6.2% economists had expected, setting off … Read more