"Asia-Pacific Markets React to Inflation, Rate Cut Bets, and Business Sentiment"

Asian shares stalled near seven-month highs as investors awaited inflation data from the US, Japan, and Europe, which will impact future rate moves. The Federal Reserve's preferred inflation measure is due on Thursday, with forecasts indicating a potential rise. Markets have adjusted expectations for a first Fed easing, and Wall Street reached new highs despite a hawkish shift. Inflation figures from Japan and the EU are also anticipated, while the Reserve Bank of New Zealand holds its first policy meeting. Treasury yields hit a three-month high last week, and currency markets have been affected.