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.