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Despite the anticipation of the upcoming US inflation report, stock markets in Asia experienced a slight increase, while the dollar maintained its stability.

Channel News Asia LogoChannel News Asia1w ago

 Despite the anticipation of the upcoming US inflation report, stock markets in Asia experienced a slight increase, while the dollar maintained its stability. - Channel News Asia

Quick Summary:

SINGAPORE : Asian stocks inched higher and the dollar held steady on Tuesday ahead of a key U.S.inflation report that could help shape the Federal Reserve's rates outlook and determine the timing of interest rate cuts.

A slew of recent data, led by strength in the labour market, has underlined the resilience of the U.S.economy and pushed traders to scale back expectations of early and deep interest rate cuts from the Fed.

The index is down 3 per cent so far in the year.


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 Despite the anticipation of the upcoming US inflation report, stock markets in Asia experienced a slight increase, while the dollar maintained its stability. - Channel News Asia (Picture 1) Despite the anticipation of the upcoming US inflation report, stock markets in Asia experienced a slight increase, while the dollar maintained its stability. - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-13 @ 10:03:30 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 20053276

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 92 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

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The story " Despite the anticipation of the upcoming US inflation report, stock markets in Asia experienced a slight increase, while the dollar maintained its stability." has 699 words across 29 sentences, which will take approximately 3 - 6 minutes for the average person to read.

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The story " Despite the anticipation of the upcoming US inflation report, stock markets in Asia experienced a slight increase, while the dollar maintained its stability." was covered 1 weeks ago by Channel News Asia, a news publisher based in Singapore.

How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 92 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #20053276
  • URL: https://beamstart.com/news/asia-stocks-nudge-higher-dollar-17077947115772

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