Nikkei 225 rises as soft US CPI lifts risk sentiment
Japan’s Nikkei 225 gained 1.1% to above 68,000 and Topix rose 1% to 4,180, with fresh record highs as subdued US inflation eased pressure on the Fed to hike soon.
1% to above 68,000 while the broader Topix Index climbed 1% to 4,180 on Thursday, with the latter hitting fresh record highs as subdued US inflation data eased pressure on the Federal Reserve to raise interest rates in the near term. Markets now see around a 40% chance of a 25 basis point rate hike from the Fed in September, down from nearly 50% a day earlier. 4%. 4%).
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