Markets watch Fed and BoJ as inflation pressures rise
Global financial markets respond to US inflation data and central bank moves, with mixed regional performance and currency shifts.
Markets are focusing on the Federal Reserve and Bank of Japan as US purchasing manager indices show inflation rising. Japan's markets gained while India's fell. The US 10-year Treasury yield sits at 4.68%, gold prices are steady, and oil is firming. The New Zealand dollar is trading at 57.9 US cents.
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Eyes on the Fed and the BoJ; watching for new China stimulus; Japan up, India down; US PMIs shows inflation rising; Australia factory orders rise; UST 10yr at 4.68%; gold holds; oil firms; NZ$1 = 57.9 USc; TWI-5 = 61.8