FinancialfocusHub.com
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
FinancialfocusHub.com
No Result
View All Result
ADVERTISEMENT

Asian Equities Rise After US Inflation Data Beats Expectations

Alice by Alice
2025-03-13
in News
Stocks7

Stocks7

ADVERTISEMENT

Asian equities rose on Thursday following a softer-than-expected US inflation report, which helped Wall Street recover from two consecutive days of significant losses.

Markets React to US Inflation Data

Shares in Japan and South Korea posted gains, while markets in Hong Kong and China showed mixed results. In early Asian trading, equity-index futures for US stocks climbed, extending the positive momentum from the previous session. Despite the gains on Wednesday in the S&P 500 and Nasdaq 100, both indices remained more than 3% lower for the week.

ADVERTISEMENT

Treasuries saw little movement on Thursday, reflecting a muted response to the inflation data released the previous day. The US 10-year yield rose by three basis points, reaching 4.3%, while the policy-sensitive two-year yield climbed by four basis points. Major currencies remained relatively unchanged, with the US dollar index also seeing minimal movement.

ADVERTISEMENT

The lack of significant market reaction to the inflation report in Treasuries highlighted the broader uncertainty surrounding global markets, with President Donald Trump’s trade policies continuing to impact sentiment.

ADVERTISEMENT

Rising Volatility and Uncertainty

Christina Woon, portfolio manager at Eastspring Investments, noted that constant news from the US and China has been fueling market volatility. She observed that the once-dominant view of US economic exceptionalism is gradually eroding, shifting investor sentiment more favorably toward Asia and China.

US consumer prices, including a core measure that excludes food and energy, both increased by 0.2% in February, lower than the 0.3% consensus forecast. This positive outcome suggests that the inflationary pressure from potential tariffs on American households may be more contained than initially feared.

However, analysts Oscar Munoz and Gennadiy Goldberg from TD Securities cautioned that while the latest inflation data is encouraging, uncertainties remain due to ongoing trade policy developments. They believe the Federal Reserve is unlikely to alter its policy stance in the near future.

Trade Tensions Escalate

Further developments in US trade policies also weighed on global markets. President Trump announced plans to respond to the European Union’s countermeasures against his 25% tariffs on steel and aluminum, heightening the risk of further escalation in the global trade war. Earlier in the day, Canada imposed new tariffs on US-made products, including steel and aluminum, following the Trump administration’s global tariffs on these materials.

Data to Watch in Asia

In Asia, key economic data releases are anticipated, including consumer confidence figures from Thailand, industrial production and producer price data from Hong Kong, and trade data from India, which may be released before March 17. China is also expected to release money supply data by March 15.

US Stocks and Tech Rally

In the US, stocks were boosted by gains in mega-cap technology stocks. The so-called “Magnificent Seven” group of tech stocks rose by 2.3%, marking its best day since January. Intel Corp. announced that it had appointed industry veteran Lip-Bu Tan as its new CEO, while Adobe Inc. gave a lukewarm outlook for the future.

Jonathan Krinsky, chief market technician at BTIG, noted that stocks had rebounded from an “extreme oversold” condition over the past week, suggesting a potential short-term bottom, though he does not see it as the final bottom.

Other Global Developments

In China, authorities summoned Walmart Inc. executives over reports that the retailer had asked suppliers to absorb the rising costs from increased US tariffs. Meanwhile, the Japanese yen remained steady, and the Bank of Japan signaled it was unlikely to intervene in the bond market despite the benchmark yield hitting its highest level since 2008.

In commodities, gold prices remained stable at around $2,934 per ounce, while West Texas Intermediate oil extended its gains into a third consecutive session.

The latest market developments suggest that while global equities are showing some resilience, ongoing trade tensions and uncertainties continue to present challenges for investors.

Related topics:

  • What Are the Dow 30 Stocks?
  • Why EV Stocks Are Down?
  • What Does IV Mean in Stocks?
ADVERTISEMENT
Previous Post

Surge in After-Hours Trading of US Stocks in Asia

Next Post

Dollar Rebounds Amid Rising Yields as Global Trade Tensions Escalate

Alice

Alice

Related Posts

Policy Interpretation | Seven Departments Unveil Comprehensive Measures to Accelerate Sci-Tech Finance System Development
News

Policy Interpretation | Seven Departments Unveil Comprehensive Measures to Accelerate Sci-Tech Finance System Development

2025-05-15
China Expands “Swap Connect” with 30-Year Swaps and LPR Products to Deepen Financial Market Opening
News

China Expands “Swap Connect” with 30-Year Swaps and LPR Products to Deepen Financial Market Opening

2025-05-15
Gold Drops 2% to Below $3200 an Ounce
Gold

Gold Drops 2% to Below $3200 an Ounce

2025-05-15
Small AI Firm Bets $300 Million On Bitcoin And Trumpcoin
News

Small AI Firm Bets $300 Million On Bitcoin And Trumpcoin

2025-05-15
Tariffs Cause ‘lost Year’ For Housing Market, Economist Says
News

Tariffs Cause ‘lost Year’ For Housing Market, Economist Says

2025-05-15
China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces
News

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces

2025-05-14
RMB Strengthens as China-U.S. Trade Tensions Ease
News

RMB Strengthens as China-U.S. Trade Tensions Ease

2025-05-14
China Launches 2025 SME Financial Support Initiative
News

China Launches 2025 SME Financial Support Initiative

2025-05-14
Building a World-Class Treasury System: China’s Path to Financial Resource Integration
News

Building a World-Class Treasury System: China’s Path to Financial Resource Integration

2025-05-14
Next Post
Stocks7 (2)

Dollar Rebounds Amid Rising Yields as Global Trade Tensions Escalate

Cryptocurrency2

Crypto Influencer Wendy O Predicts Bitcoin Could See 30% Correction to $70,000

Insurance4

How to Claim Car Insurance?

Popular Articles

How Does Car Rental Fit In With Insurance? A Complete Guide
Insurance

How Does Car Rental Fit In With Insurance? A Complete Guide

by Alice
2025-05-14

Car rental insurance is a crucial part of renting a car, ensuring both renters and rental companies are protected in...

Forex3

What Is AUD In JWT? A Complete Guide

2025-05-10
Workers Can Pay For Heat Pumps Through Wage Sacrifice

Workers Can Pay For Heat Pumps Through Wage Sacrifice

2025-05-13
China Establishes National Standards for Elderly-Friendly Insurance Services

China Establishes National Standards for Elderly-Friendly Insurance Services

2025-05-15
What Are Value Stocks: A Comprehensive Guide For Investors

What Are Value Stocks: A Comprehensive Guide For Investors

2025-05-15
How Much Is a Citation for No Insurance in Texas?

How Much Is a Citation for No Insurance in Texas?

2025-05-14
China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces

2025-05-14
How Much Is 1 Pip In Forex?

How To Convert Gbp To Usd In Paypal: A Step-By-Step Guide

2025-05-13

Recent Posts

Policy Interpretation | Seven Departments Unveil Comprehensive Measures to Accelerate Sci-Tech Finance System Development
News

Policy Interpretation | Seven Departments Unveil Comprehensive Measures to Accelerate Sci-Tech Finance System Development

by jingji06
2025-05-15

In a significant move to bolster China's technological self-reliance, seven key ministries including the Ministry of Science and Technology and...

Nationwide Crackdown on Insurance Fraud Nets 1.5 Billion Yuan in Major Cases

Nationwide Crackdown on Insurance Fraud Nets 1.5 Billion Yuan in Major Cases

2025-05-15
China Expands “Swap Connect” with 30-Year Swaps and LPR Products to Deepen Financial Market Opening

China Expands “Swap Connect” with 30-Year Swaps and LPR Products to Deepen Financial Market Opening

2025-05-15
China Establishes National Standards for Elderly-Friendly Insurance Services

China Establishes National Standards for Elderly-Friendly Insurance Services

2025-05-15
How Long Does an Accident Stay on Your Insurance in California?

How Long Does an Accident Stay on Your Insurance in California?

2025-05-15
How Long Do You Have to Get Insurance After Buying a Used Car in California?

How Long Do You Have to Get Insurance After Buying a Used Car in California?

2025-05-15
How Long Do You Have to Report an Accident to Insurance in California?

How Long Do You Have to Report an Accident to Insurance in California?

2025-05-15
Gold Continues to Hold Its Own as Markets Continue to Digest Improving Us-Chinese Trade Relations

Gold Continues to Hold Its Own as Markets Continue to Digest Improving Us-Chinese Trade Relations

2025-05-15

Cryptocurrency

Cryptocurrency27

NFT Marketplace X2Y2 to Shut Down After Three Years as Trading Volume Plummets

2025-04-04
Cryptocurrency

Elon Musk Denies U.S. Government Plans to Use Dogecoin, Cryptocurrency Drops 3%

2025-04-01
Cryptocurrency

Gold Bull Peter Schiff Bets on Bullish Gold Amid Bitcoin’s Struggles

2025-03-30
Cryptocurrency

Fidelity Plans to Launch Spot Solana ETF

2025-03-29
Cryptocurrency

BlackRock Launches Bitcoin ETP in Europe: A Key Step for Institutional Adoption

2025-03-28
Cryptocurrency

Closing Bell Movers: GameStop Gains 7% on Earnings, Bitcoin Announcement

2025-03-27
FinancialfocusHub.com

FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.

Recent Posts

  • Policy Interpretation | Seven Departments Unveil Comprehensive Measures to Accelerate Sci-Tech Finance System Development 2025-05-15
  • Nationwide Crackdown on Insurance Fraud Nets 1.5 Billion Yuan in Major Cases 2025-05-15
  • China Expands “Swap Connect” with 30-Year Swaps and LPR Products to Deepen Financial Market Opening 2025-05-15
  • China Establishes National Standards for Elderly-Friendly Insurance Services 2025-05-15
  • How Long Does an Accident Stay on Your Insurance in California? 2025-05-15

TAGS

Useful Links

ABOUT US

Disclaimer

Privacy Policy

Copyright © 2024 financialfocushub.com

No Result
View All Result
  • Home
  • Forex
  • Insurance
  • News
  • Stocks

Copyright © 2024 FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.