Asian shares advance as investors await US inflation data
ABC News
Asian shares are higher after Wall Street logged modest losses, as investors await key U.S. inflation data
BANGKOK -- Asian shares are higher after Wall Street logged modest losses, as investors await key U.S. inflation data. Benchmarks rose across the region, but stayed in a relatively narrow range. Investors will get closely watched U.S. inflation data on Thursday. The focus is on how it might impact ultra-low interest rates and other market-supporting policies. “There’s a sense of every man for himself ahead of the U.S. inflation data this evening, a data point that has left markets in limbo and seems to be taking an interminably long time to arrive,” Jeffrey Halley of Oanda said in a report. The Labor Department’s release of the consumer price index comes shortly before a meeting next week of the Federal Reserve's Open Market Committee, which sets policy on interest rates and other measures.More Related News