Asian shares bounced and the safe-haven dollar edged lower on Tuesday as investors hoped this week's U.S. inflation data supports an imminent end to rate hikes and cheered the prospect China will deliver economic stimulus to prop up stalling growth.
Markets are awaiting U.S. inflation data due Wednesday to see if price pressures are continuing to moderate, which could provide clues on the interest rate outlook.was up 0.7% while U.S. stock futures, the S&P 500 e-minis , rose 0.06%.on Monday who said while additional rate hikes are needed to bring down inflation, the end to the central bank's current monetary policy tightening cycle is getting close.
"U.S. CPI will be coming into focus, with the associated event risk potentially adding to the vibe," ANZ analysts said in a note.
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