Asian stocks build on Wall St records after US inflation data
Hong Kong (AFP) June 13, 2024
Asian traders extended a rally across world markets on Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. The weaker-than-expected May consumer price index marked a second successive month of slowing - to a more than three-year low - and boosted optimism that the
Asian traders extended a rally across world markets on Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. The weaker-than-expected May consumer price index marked a second successive month of slowing - to a more than three-year low - and boosted optimism that the