Asia shares, risk assets cheer US inflation relief

Quick Summary:

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.

"Given our inflation and unemployment rate forecasts, we continue to look for 75bp of cuts next year with a hold in January and a quarterly cadence thereafter".

Chinese blue chips rose 0.7%, as 10-year bonds yields hit a fresh record low of 1.665% despite efforts by the central bank to stop the relentless decline.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaJapanSouth KoreaSingaporeTaiwan

Topics: Inflation Asian Nikkei /Business/Business News Markets MSCI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 15:11:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 656 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24591801

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