Asian markets extend gains as focus turns to US inflation

Asian markets extend gains as focus turns to US inflation …C0NTINUE READING HERE >>>

Data showing a jump in Chinese youth unemployment comes as leaders struggle to kickstart growth in the world’s number two economy.
Photo: STR / AFP
Source: AFP

Most Asian markets rose Monday, building on last week’s rally following the Federal Reserve’s bumper interest rate cut, with focus now on the release of the bank’s favoured inflation gauge later in the week.

Traders greeted the first reduction in borrowing costs since 2020 by pushing the Dow and S&P 500 to record highs as they…

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