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- Reuters
Stocks rise, dollar eases ahead of US inflation report
SINGAPORE (Reuters) -Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.65%, scaling a fresh 15-month high and taking its gains to 4% so far this month. Japan's Nikkei advanced 0.58%.
- Reuters
GLOBAL MARKETS-Stocks rise, dollar drifts ahead of US inflation report
Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, scaling a fresh 15-month high earlier in the session. Japan's Nikkei gained 0.58%.
- The Telegraph
Rate cuts thrown into doubt amid rising wages and jump in US inflation
Workers’ wages are rising too fast to cut interest rates, the Bank of England’s chief economist has warned.
