Asian Markets Rise in Anticipation of U.S. Inflation Report, Eyeing Rate Cuts
Investors await key inflation data and Federal Reserve's response, as major companies prepare to kick off earnings season.
- Asian stock markets mostly rose on Tuesday, with investors closely monitoring a forthcoming U.S. inflation report for indications of potential interest rate cuts by the Federal Reserve.
- Oil prices increased while U.S. futures showed mixed results, and the Japanese yen weakened, nearing a 34-year low against the U.S. dollar.
- Investor sentiment was buoyed by recent wage-growth data suggesting contained inflationary pressures, setting the stage for significant market reactions to the upcoming consumer price index update.
- Federal Reserve Chair Jerome Powell has indicated expectations for interest rate cuts within the year, contingent on further evidence of inflation moving towards the central bank's 2% target.
- The beginning of the latest earnings reporting season is anticipated this week, with major companies like Delta Air Lines and JPMorgan Chase among the first to report, amid expectations of a third consecutive quarter of growth.

































