Asia Stocks Rally as Bonds Steady Ahead of CPI - Asia Market Wrap

Stocks rose and bonds steadied after a bruising selloff, with investors awaiting a key US inflation reading for clues on the interest-rate outlook. The dollar headed for its strongest monthly performance since June. MSCI’s Asia Pacific Index gained 1%, putting it on course for its biggest advance in three weeks, with 10 of its 11 industry groups rising. Equity futures pointed to higher openings in Europe and the US.

Bonds remained in focus after long-dated Treasury yields climbed to their highest levels since 2002 on Tuesday, extending this week’s advance as rising oil prices prompted traders to price in further Federal Reserve rate hikes. 23%. 19 a barrel, recovering some of Tuesday’s losses. Oil flows from the Middle East are returning toward pre-war levels despite ongoing shipping risks, according to separate estimates from JPMorgan and Goldman Sachs.

56%, as investors demanded greater compensation to hold longer-dated debt amid concerns over persistent inflation, higher government spending and increased corporate borrowing to fund the AI buildout. Equities have remained under pressure this month, with MSCI’s All Country World Index down 1%. 4%, marking its third monthly decline in four months. Chinese property stocks slumped after Beijing introduced a mortgage subsidy program that analysts said fell short of expectations.

4 trillion.