Stocks in Asia soar as cooling inflation feeds hopes Fed will ease up
Source: Reuters
SINGAPORE, Nov 11 (Reuters) - Asian shares scaled a seven-week high on Friday, while the dollar wobbled after cooler-than-expected U.S. inflation data sparked hopes that the Federal Reserve could tone down its aggressive interest rate hikes.MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) soared 5.33%, set for its biggest one-day percentage jump since March 2020. The index is down 23%…
This is a short summary. Reporting and media belong to the original publisher.
Read the full story at Reuters