Asia shares rally on US inflation relief

Quick Summary:

SYDNEY : Asian shares rallied on Monday after a benign reading on U.S.inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown.

The prospect of fewer cuts has combined with expectations of more debt-funding government spending to pressure bond markets, with 10-year yields surging almost 42 basis points in just two weeks for the biggest such increase since April 2022.

S&P 500 futures added 0.3 per cent, while Nasdaq futures firmed 0.4 per cent.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanSouth Korea

Topics: Bond Week Year Rallied Yields Having Cent Last Inflation Japan Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 08:22:42 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 662 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24587655

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 5 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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