Asian Stocks Set for Gains as US Inflation Cools: Markets Wrap

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Asian stocks were set to extend gains Friday as further evidence of moderating US inflation and a pullback in oil prices reinforced bets that the Federal Reserve will refrain from raising interest rates next month. Equity-index futures pointed higher in Japan and South Korea, putting MSCI’s Asia Pacific Index on track for a third day of gains, while Australian contracts fell. Earlier, the S&P 500 rose 0.7% Thursday to a record, while the Nasdaq 100 climbed over 1% to its highest level since late June as increased hyperscaler spending buoyed tech shares.

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