• Reuters

    Morning Bid: Markets buoyant, but wary of CPI, tariffs

    Asian markets should open in upbeat mood on Wednesday as lower U.S. bond yields and a weaker dollar reflect expectations that the Fed will cut interest rates as early as September, but the apparent serenity could be shattered in a flash. The most obvious flash point is April's U.S. inflation report after Asia closes on Wednesday - punchier-than-expected figures will force investors to rethink their Fed outlook, lifting the dollar and yields, and weighing on risk appetite. Tuesday's U.S. producer price inflation report was, to quote Fed Chair Jerome Powell himself, "mixed" - price growth in April was hotter than expected, but prior data were revised down.

  • Business Insider

    Stock market today: Indexes edge up as traders digest wholesale inflation data

    Stocks slid Tuesday morning as the producer price index came in hotter than expected. Investors are awaiting comments from Fed Chairman Jerome Powell.

  • Reuters

    MORNING BID ASIA-Markets buoyant, but wary of CPI, tariffs

    Asian markets should open in upbeat mood on Wednesday as lower U.S. bond yields and a weaker dollar reflect expectations that the Fed will cut interest rates as early as September, but the apparent serenity could be shattered in a flash. The most obvious flash point is April's U.S. inflation report after Asia closes on Wednesday - punchier-than-expected figures will force investors to rethink their Fed outlook, lifting the dollar and yields, and weighing on risk appetite. Tuesday's U.S. producer price inflation report was, to quote Fed Chair Jerome Powell himself, "mixed" - price growth in April was hotter than expected, but prior data were revised down.