The Asia-Pacific markets were mixed on Thursday after a mild inflation report in the United States helped two of the three benchmarks on the reverse route of Wall Street from two days of loss.
The consumer price index – a large measure of costs in the American economy – increased by 0.2% per month in February, which puts the annual inflation rate to 2.8%.
The last reading “is a welcome relief,” said Vishnu Varathan, Macro research manager of Mizhuo Bank in Asia to the exclusion of Japan.
“Above all, February inflation will almost certainly imply any price impact [U.S. Federal Reserve] Falcons concerned with price shocks accumulate, “he said in a note on Thursday.
For the future, Varathan said he was “premature for the Fed to drop his guard at this stage”.
In Japan, the reference Nikkei 225 took 0.30%, while the larger Topix index increased by 0.37%.
Seven & I Holdings’ shares have won up to 3.60%, while the operator of the Canadian Department-Tard Department launched his press conference on the purchase of the 7-Eleven operator.
A Couche-Tard, which has the Circle-K chain of convenience stores, has continued seven & i for months and has devoted an offer of $ 47 billion for the Japanese retail giant. It would be the greatest foreign redemption in Japan if the agreement is concluded. However, Couche-Tard has so far received the freezing reception of seven & i.
The founder and executive president of Couche-Tard, Alain Bouchard, said that the company had “many discussions” with the new CEO of Seven & I, Stephen Dacus, but he has always stopped on regulatory request, the thing that we cannot overcome. “”
The Kospit of South Korea fell 0.15% while the Kosdaq with small capitalization dropped by 0.62%, overthrowing the winning price earlier in the session.
The Hong Kong Hang Seng index fell 0.99% while CSI 300 in continental China dropped 0.21% in agitated trade.
Australia S&P / ASX 200 dropped by 0.41% in its last hour, overthrowing the course of winnings earlier during the day.
Investors will monitor Indian shares after the inflation rate of the southern Asia giant has cooled down to a decrease of 3.61% in February as vegetable prices decreased.
Nomisura Sonal Varma and Aurodeep Nandi economists note that the last reading “supports the growth of the highest GDP of the Q4 FY25, but the magnitude is not yet clear”.
In the future, they “expect benign inflation readings”. They also added that the inflation of major securities should reach approximately 3.8% in annual sliding in March, while the demand for reduction, higher production of crops and low manufacturing costs should maintain the inflation of the IPC less than 4% in the first quarter of 2025, they wrote in a note on Thursday.
The reference to India NIFTY 50 increased 0.22% in early trade, while the BSE Sensex was 0.31% higher.
In the United States, the Nasdaq Composite resumed after the report on gentle inflation has relieved concerns about an imminent recession and investors have taken technological actions.
The technology reference added 1.22% and closed at 17,648.45, while the S&P 500 won 0.49% to end at 5,599.30. The industrial average of Dow Jones slipped 82.55 points, or 0.2%, to settle at 41,350.93.
The technological sector is down more than 3%to date, but has rebounded in the session to lead gains in the S&P 500. The best performers include NVIDIA, which earned 6.4%, and AMD which added more than 4%. Meanwhile, Meta platforms increased by 2% and Tesla jumped more than 7%.
CNBC will welcome “Converge Live”, an inaugural event of informed leadership from March 12 to 13, 2025, in Singapore, where world business leaders, entrepreneurs, investors and the main decision -makers will discuss what it means innovating and growing by collaborating and sharing ideas in industries.
Viewers can watch the live flow of the event and hear speakers, including the Deputy Prime Minister of Singapore, Kim Yong Gan, the president of the Alibaba group, Joe Tsai, the founder of Bridgewater Associates, Ray Dalio, and the CEO of Salesforce, and the co-founder Marc Benioff and others here.
– Lisa Kailai Han of CNBC and Brian Evans contributed to this report.
