Asia Stocks and US Yields Steady Amid Inflation Data Uncertainty
TL;DR Summary
US Treasuries recovered slightly amid concerns over inflation and a potential rate cut by the Federal Reserve, while Chinese economic data showed signs of slowdown, impacting global markets. Traders are cautious about rate cuts due to rising inflation and geopolitical tensions, with markets awaiting key events like the Jackson Hole symposium.
- Asia Stocks Eye Tepid Open as Prices Halt US Rally: Markets Wrap Bloomberg.com
- Stocks ease, US yields rise after hot US inflation data shakes confidence in Fed rate cut Reuters
- Stock Market Today: Dow, Nasdaq Steady After PPI Data Shows Wholesale Inflation Accelerated in July — Live Updates The Wall Street Journal
- Treasury yields fall as investors weigh July inflation data CNBC
- US Two-Year, Five-Year Yields Fall to Lowest Levels Since May Yahoo Finance
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