Business & Finance
Asian Stocks Poised to Gain on Benign US Inflation: Markets Wrap
Key Points
Asian Stocks Poised to Gain on Benign US Inflation: Markets Wrap Stocks in Asia were poised for gains Thursday after the latest US inflation report matched expectations, easing concerns about imminent Federal Reserve rate increases. Equity-index futures for Japan and South Korea advanced, putting a broader regional gauge on track for a second day of gains. Nasdaq 100 contracts slipped in early Asian trading after Cisco Systems Inc.’s earnings failed to impress.
Asian Stocks Poised to Gain on Benign US Inflation: Markets Wrap
Stocks in Asia were poised for gains Thursday after the latest US inflation report matched expectations, easing concerns about imminent Federal Reserve rate increases.
Equity-index futures for Japan and South Korea advanced, putting a broader regional gauge on track for a second day of gains. Nasdaq 100 contracts slipped in early Asian trading after Cisco Systems Inc.’s earnings failed to impress. That followed gains in US benchmarks, with the S&P 500 coming within striking distance of a record and a rally in megacap chipmakers lifting the Nasdaq 100 to a one-month high.