Current Stock Market: US Inflation UpdateWorld stocks opened uneven

Current Stock Market: US Inflation UpdateWorld stocks opened uneven

Early trading saw a decline in European benchmarks as investors anticipated information on US consumer inflation, which might influence the Federal Reserve's interest rate policy. Asian markets ended the day mainly higher.

Tuesday's closing saw a majority of Asian equities rising and European benchmarks down as investors anticipated US consumer inflation data that might influence the Federal Reserve's interest rate policy.

The CAC 40 of France fell 0.2% to 7,678.07. The DAX in Germany dropped 0.3% to 16,982.64. The FTSE 100 in Britain dropped 0.2% to 7,562.00. Futures on the S&P 500 dropped 0.3%, while the Dow Jones Industrial Average dropped 0.2%.

The Nikkei 225, the benchmark index for Japan, closed at 37,963.97 in Asia, up 2.9% and momentarily crossing 38,000 for the first time in 34 years. Australia's S&P/ASX 200 lost its early gains, closing at 7,603.60, down 0.2%. The Kospi in South Korea increased 1.1% to 2,649.64.

The Lunar New Year holidays caused the markets in China, Hong Kong, and Taiwan to shut.

Data from Japan's producer pricing index revealed that while it remained constant month over month, it rose by 0.23% from a year ago. This would lessen the pressure on the central bank to alter its ultra-loose monetary policy that it has been implementing for a long time and increase the benchmark interest rate from zero to 0.1%.

The cautious figures could nevertheless point to a minimal effect on consumer prices and provide the Bank of Japan leeway.

According to a report by IG market analyst Yep Jun Rong, "for now, let's wait and see." The next significant development for the market may be Tuesday's report on US inflation, which analysts anticipate

Display a drop below the 3% mark,

The market is concerned about the extent to which the loans and other assets linked to commercial real estate on bank balance sheets represent a risk to the economy.

The Federal Reserve has hinted that it may lower its benchmark interest rate many times this year due to the very low level of inflation. These reductions would lessen the pressure that has been building since the Fed raised its main interest rate to its highest level since 2001. Generally speaking, such reductions have a significant negative impact on the economy and financial markets.

Traders had previously projected that rate cuts would start in March, but they have recently increased their estimates to May or June. A delay is also required, according to certain remarks made by Fed officials, despite reports indicating that the US economy and job market are surprisingly strong.

In computerized trading on the New York Mercantile, benchmark U.S. oil increased 27 cents to $77.19 a barrel in the energy sector.

trade. The global standard, Brent crude, increased 23 cents to $82.23 per barrel.

The US dollar increased in value in currency trading from 149.34 yen to 149.67 JPY. The euro dropped to $1.0764 from $1.0774.