Sunday, September 7, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Real Estate

Asia: Traders bide their time ahead of key US inflation data

by Riah Marton
in Real Estate
Asia: Traders bide their time ahead of key US inflation data
Share on FacebookShare on Twitter


ASIAN investors shifted cautiously on Tuesday ahead of the release of key US inflation data that could have a huge bearing on the fate of Federal Reserve interest rate cuts this year.

The tepid performance mirrored an uninspiring day on Wall Street, where the Dow fell after an eight-day winning streak, though a strong showing for Chinese tech firms helped Hong Kong extend a rally that has seen it power around 30 percent higher from its January low.

A recent run of soft US jobs data has lifted spirits on trading floors that the Fed will be able to reduce borrowing costs this year.

However, this week will provide a key test of that optimism with the release of April’s consumer price index (CPI) on Wednesday, which follows Tuesday’s release of producer prices.

The readings come after forecast-beating figures for the first three months of the year that have seen investors whittle down their expectations for the number of rate cuts – from six in January to at most two now.

Analysts said a miss in either direction on CPI could have a big impact on markets, with JPMorgan Chase & Co’s Andrew Tyler saying “the key risk is a hotter CPI print”.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

“But upcoming macro data creates a two-tailed risk – with one tied to stronger-than-expected growth fuelling inflation concerns and the other being weaker growth fuelling either recession or ‘stagflation’ concerns.”

The reports come after a survey by the New York Fed showed inflation expectations among US consumers had climbed to their highest level since November.

Rodrigo Catril at National Australia Bank added: “The CPI is expected to show US inflation slowed slightly in April, and if so, it would add to further evidence that the jump in US inflation at the start of the year was a temporary blip.

“That said, any small deviation from the consensus could trigger a meaningful reaction in markets given the current heightened degree of (sensitivity) around inflation and the outlook for Fed policy.”

Asian markets were mixed in Tuesday business, with Hong Kong among the best performers thanks to gains in tech titans including Tencent and Alibaba as they prepare to announce their first-quarter earnings.

The advances followed an 11 per cent surge in Tencent’s New York-listed shares that led a rally in Chinese tech in the city.

Still, Chris Weston, at Pepperstone Group, warned that “both will need to deliver earnings above consensus results and inspiring guidance, as expectations are high”.

Tokyo, Singapore, Taipei and Jakarta also edged up, though Shanghai, Sydney, Seoul, Wellington and Manila slipped. AFP

Tags: AheadAsiabideDatainflationKeyTimeTraders
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Uber Eats to buy foodpanda Taiwan business from Delivery Hero

Uber Eats to buy foodpanda Taiwan business from Delivery Hero

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In