Market Optimism Prevails as Asian Markets Await US Inflation Data
Asian markets are feeling optimistic as the belief that the U.S. central bank is nearing the end of its tightening cycle continues to weigh on the dollar, boosting sentiment and lifting asset prices. China is also showing signs of improvement, with strong bank lending in June and global hedge funds adding more Chinese stocks to their portfolios. Key events to watch include the Reserve Bank of New Zealand's interest rate decision, Indian inflation figures, and U.S. inflation data. The U.S. dollar's weakness is fueling optimism in Asian markets, and New Zealand's central bank is expected to keep its cash rate unchanged.
