Investors were assessing consumer inflation data from India as well as Japan’s corporate inflation numbers.
Investors in Asia assessed India's inflation numbers. Data released Monday showed consumer price index climbed 4.83% year on year, nearly in line with the 4.8% expected by economists polled by Reuters.Data from the Bank of Japan
While it was the slowest rate of inflation since June 2023, the figure was slightly above the 4.8% expected by economists polled by Reuters.CNBC Pro: These 3 ETFs have risen by double-digits every year for the past 5 years The stock's been soaring on the artificial intelligence boom. It's up around 35% so far this year, and 60% since a year ago.While value stocks continue to outperform in Europe, growth stocks are currently benefiting from improving forward guidance in the U.S., according to Barclays.
With investors looking toward Wednesday's CPI report, Toms believes"the bar for ever more hawkish surprises is getting higher." Consequentially, the strategist believes even in-line expectations could be another catalyst for risk assets to climb higher.Fed Governor Philip Jefferson testifies before a Senate Banking Committee hearing on his nomination to be the Federal Reserve's next vice chair, on Capitol Hill in Washington, D.C., on June 21, 2023.
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Asia markets poised to extend gains ahead of inflation data from Japan and IndiaInvestors will be assessing India inflation data from Monday and Tuesday, as well as Japan’s corporate inflation numbers.
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Asia markets poised to extend gains ahead of inflation data from Japan and IndiaInvestors will be assessing India inflation data from Monday and Tuesday, as well as Japan’s corporate inflation numbers.
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