"Asia Stocks Brace for Inflation Impact Amid Rate-Cut Speculation"
Originally Published 2 years ago — by Reuters
Asian share markets are cautious as investors await U.S. and Chinese inflation data and the start of corporate earnings season, with hopes for strong results to justify high stock valuations. Geopolitical tensions and disruptions in the Red Sea are also impacting oil prices and shipping costs. The U.S. congressional leaders have agreed on a $1.6 trillion spending deal to avert a partial government shutdown. The dollar's recent gains are affecting currency markets, while oil prices fluctuate amid supply concerns.