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Asian Stocks Poised to Gain on Benign US Inflation: Markets Wrap

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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.
Asian (ORG) Asia (LOCATION) US (LOCATION) Federal Reserve (ORG) Japan (LOCATION) South Korea (LOCATION) Cisco Systems Inc.’s (ORG)
Originally published by Bloomberg Markets Read original →