KURE - Asia-Pacific stocks mixed ahead of U.S. inflation data for the outlook on Fed monetary policy

2023-12-22 02:58:50 ET

Japan ( NKY:IND ) +0.09%. Japan's inflation rate continue to ease in November as food price hikes slow .

BOJ October Minutes: To keep sustaining Yield Curve Control to support wage growth.

China ( SHCOMP ) -0.13% .

Hong Kong ( HSI ) -1.52%.

India ( SENSEX ) +0.30% .

Australia ( AS51 ) -0.03% . Australian November 2023 Private Sector Credit +0.4% m/m (prior +0.3%).

In the U.S. on Thursday, all three major indexes ended higher , following a broad sell-off in the previous day after fresh data revealed that the US economy grew weaker-than-expected, cementing bets for further interest rate cuts from the Federal Reserve.

The GDP growth was revised slightly lower to 4.9%, corporate profits were also revised lower and the Philadelphia Fed Manufacturing Index came way below forecasts.

U.S. stock futures eased on Friday after Wall Street staged a broad rebound in the last session, as the market looks to extend a year-end rally: Dow -0.30%; S&P 500 -0.11%; Nasdaq -0.24%.

Traders cautiously awaits PCE inflation figures and digested the downward revision of US GDP annual growth rate, hoping for further cues on the Fed’s monetary policy path.

Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).

More on Asia

• Japan's inflation rate continue to ease in November as food price hikes slow

• Japan's November trade deficit narrows amid dip in exports dented by weak demand from China

• China keeps benchmark lending rate unchanged, amid efforts to revive slowing economy

• Bank of Japan maintains ultra-loose monetary policy; no change to dovish policy guidance

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