HONG KONG : Asian shares bounced and the safe-haven dollar edged lower on Tuesday as investors hoped this week's U.S. inflation data supports an imminent end to rate hikes and cheered the prospect China will deliver economic stimulus to prop up stalling growth.Markets are awaiting U.S. inflation data due
HONG KONG : Asian shares bounced and the safe-haven dollar edged lower on Tuesday as investors hoped this week's U.S. inflation data supports an imminent end to rate hikes and cheered the prospect China will deliver economic stimulus to prop up stalling growth.
Investors were digesting comments from several Federal Reserve officials on Monday who said while additional rate hikes are needed to bring down inflation, the end to the central bank's current monetary policy tightening cycle is getting close. On Monday, U.S. stocks ended higher following last week's losses while Fed officials' comments bolstered the view that the U.S. central bank may be near the end of its tightening cycle.
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