"Global Markets React: Asian Shares Rise, US Inflation Report Looms"

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Source: The Associated Press
"Global Markets React: Asian Shares Rise, US Inflation Report Looms"
Photo: The Associated Press
TL;DR Summary

Asian shares mostly rose ahead of US inflation report, with Japan's Nikkei 225 adding 2.2% and Australia's S&P/ASX 200 edging up nearly 0.1%, while China, Hong Kong, and Taiwan were closed for the Lunar New Year holiday. Wall Street held steady, with the S&P 500 slipping 0.1% and the Dow Jones rising 0.3%. Investors are awaiting Tuesday's update on US inflation, which economists expect to show a drop below 3%. Concerns about the stock market's top-heaviness and uncertainty regarding commercial real estate's impact on banks persist. In the bond market, yields were stable, and the Federal Reserve's potential rate cuts may be delayed to May or June, impacting stock prices.

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