Asia to Extend Risk Rally After US CPI Decline: Markets Wrap
Asian shares and currencies rose, following gains on Wall Street as the latest US inflation data reinforced bets for Federal Reserve policy easing.
Asian shares and currencies rose, following gains on Wall Street as the latest US inflation data reinforced bets for Federal Reserve policy easing.
The International Monetary Fund approved a new way for countries to channel reserve assets to multilateral development banks, part of a broader push to raise funds for challenges like climate resilience and poverty reduction.
Australian unemployment climbed higher than expected last month as a larger-than-usual cohort of workers found themselves in-between jobs, clouding the signal from the labor market data.
The shares of Chinese developers jumped on optimism that Beijing will provide policy support for the purchase of unsold homes from distressed builders.
Australia’s booming A$3.7 trillion ($2.5 trillion) pensions industry is proving a tough negotiator on asset management fees, as data reveals the funds often pay significantly less than others.
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