Asian shares jump as investors eye China’s stimulus FMTNews FMTBusiness
Markets also await US inflation data due Wednesday, which could provide clues on the interest rate outlook.
Early in the Asian trading day, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.7% while US stock futures, the S&P 500 e-minis, rose 0.06%. Data showing a steeper-than-expected decline in Chinese producer prices on Monday suggests the country’s “post-Covid rebound has run out of steam” but added to expectations that “policymakers may need to do more to shore up demand,” said ANZ analysts.
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