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Asian stocks are flat Tuesday, awaiting global inflation data. Wall Street closed for Memorial Day. Investors are buying on cooling inflation signs.
Yen up Monday, but no convincing rebound. Traders were puzzled by the 11% yearly loss, despite expected policy convergence.
Friday's oil prices held steady as investors digested the Fed's rate comments amidst inflation concerns, supported by seasonal fuel demand.
Sterling rose as PM Rishi Sunak announced a parliamentary election on July 4, reducing political uncertainty, according to analysts.
Japanese Finance Minister Suzuki is concerned that the yen's depreciation will boost inflation and harm consumption and corporate profits.
Gold prices held steady on Wednesday. China’s bullion imports slowed as demand weakened in the face of record prices.
Investors' risk appetite remained strong, potentially leading to further Asian gains. Japan's Nikkei surpassed 39,000 for the first time in a month.
The US stock market eyes Dow Jones crossing 40,000, experts foresee 5,600 targets, and corporate profits surge in forecasts.
Gold and silver prices rose sharply on Monday after last week. Strategists expect they could hit new record highs in the coming months.
Asian oil prices surged Friday as global benchmark Brent eyed its first weekly gain in three weeks, driven by rising demand and a weaker US dollar.
On Wednesday, Wall Street's key indexes hit records. S&P 500 and Nasdaq 100 rose over 1%, led by tech stocks posting a good CPI report.
March's CPI surged to 3.5%, led by higher housing and energy expenses, dimming prospects for imminent Fed rate cuts.
The yen briefly rebounded after plummeting to 160 at the end of April, but fell again in less than a week, causing market concerns.
Gold prices stabilized as US producer prices soared in April, while the US dollar and Treasury yields retreated.
