(Bloomberg) — Stocks took a breather after rallying to all-time highs, with investors turning to Federal Reserve speakers and jobless claims data for new clues on the path of interest rates. S&P 500 futures were little changed, while Europe’s benchmark index edged lower. Treasuries and the dollar posted small moves. Meanwhile, copper soared for another…
Shares in Australia, Japan and South Korea climbed. Futures contracts for the S&P 500 and Nasdaq 100 also rose early Thursday after the two benchmarks gained more than 1% to touch fresh highs on Wednesday. Hong Kong shares will resume trading on Thursday after a holiday.
Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year.
Asia: Markets track Wall Street records after US inflation data businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.