U.S. CPI data boosts market sentiment, Asian stocks expected to rise on Monday
ChainCatcher News, according to Golden Ten Data, institutional analysis indicates that Asian stock markets are expected to rise on Monday, following a recent easing of selling pressure in the US stock market and inflation data supporting expectations for a Federal Reserve rate cut later this year. Stock index futures in both Japan and Australia are pointing to gains, and during early Sydney trading, the US dollar was mostly flat against major currencies. Overall, risk sentiment is supported, and the calm in the market suggests an improvement in investor sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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