Stocks continue their winning streak amid rising inflation optimism
Feyisayo Ajayi
1 min read
Ahead of U.S. inflation statistics that some strategists believed might provide another evidence that inflation has peaked, Asian markets rose on Tuesday, while the dollar held near a recent high. While European stock futures declined, S&P 500 and Nasdaq futures stayed steady, paving the way for a muted opening for European markets.
Tuesday saw an increase in Asian markets, with South Korea’s KOSPI leading the way with a 2.6% gain and Japan’s Nikkei adding 0.2%. From two-year lows, the MSCI indicator has increased four days in a row.
Analysts issue a caution that U.S. core inflation is expected to continue and that the consequences for rates in the short term are uncertain. The core inflation rate in the United States is expected to have increased by 0.3% month-over-month, the same as in July, according to consensus data scheduled at 1230 GMT.
Goldman Sachs (GS) is considering employee layoffs. Ramsay Health Care in Australia has been informed by a consortium led by KKR that its $14.5 billion cash-and-stock offer would not be improved.
