Asia Stocks to Rise, Treasuries Steady Before CPI: Markets Wrap
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European equity futures declined before crucial US inflation data later Tuesday that may offer more clarity on the timing of the Federal Reserve’s interest rate cuts. The Euro Stoxx 50 contract fell 0.3%, mirroring losses in US counterparts. The yen and the dollar were steady in Asia ahead of the inflation data release. The report is expected to show the first reading below 3% for year-over-year headline inflation since March 2021, supporting the disinflation narrative.

#StockMarket #Inflation #FederalReserve

https://www.bloomberg.com/news/articles/2024-02-12/stock-market-today-dow-s-p-live-updates