Asia Stocks Rise with Tech Gains Amid U.S. Inflation Report Anticipation
Asian stock markets saw slight gains on Monday, bolstered by strong tech sector earnings and anticipation of a pivotal U.S. inflation report. With Japan's market closed, futures suggested a potential test of record highs. Key factors include U.S.-China tariffs, geopolitical tensions, and Federal Reserve interest rate decisions.
In Asia, major stock indexes edged higher on Monday, driven by upbeat tech sector earnings. This came ahead of a crucial U.S. inflation report expected to influence currency and bond market trends. Japan's stock market closure didn't dampen momentum, as futures rose close to record highs.
Trade agreements and geopolitics remain pivotal, with a U.S. tariff deadline on China approaching amidst expectations of another extension. Furthermore, discussions between President Donald Trump and Russian leader Vladimir Putin on Ukraine are anticipated this Friday.
Economic releases this week include U.S. consumer price data, which analysts predict will show an uptick influenced by tariffs. This could affect expectations regarding Federal Reserve interest rate decisions, although the likelihood of easing remains strong.
(With inputs from agencies.)
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