Asian stocks rise on Wall Street optimism; Eyes on Fed & economic data
==========

Asian stocks opened higher today, buoyed by gains on Wall Street. Japan’s Nikkei 225 rose 1 per cent, while South Korea’s Kospi climbed 0.3 per cent. Hong Kong’s Hang Seng index futures were slightly up. The S&P 500 and NASDAQ composite closed at all-time highs on Monday. The S&P 500 gained 0.1 per cent and the NASDAQ rose 0.3 per cent. The Dow Jones industrial average dipped 0.1 per cent. Crude oil prices fell to a one-week low. Brent futures settled around 85 per dollar barrel. Gold prices fell by more than 1 per cent. Markets will be closely monitoring Federal Reserve Chair Jerome Powell’s testimony before Congress, key inflation data with the June consumer price index on Thursday, and the producer price index on Friday. Earnings reports from PepsiCo, Delta Air Lines, Citigroup, and JPMorgan Chase will also be pivotal in gauging market sentiment and economic health.

#AsianStocks #WallStreet #FederalReserve #EconomicData

https://www.wionews.com/business-economy/asian-stocks-rise-on-wall-street-optimism-eyes-on-fed-economic-data-739230