SHANGHAI, CHINA – MARCH 01: Skyscrapers stand in Pudong Lujiazui financial district on March 1, 2022 in Shanghai, China.
Xiao Yang | Visual China Group | Good pictures
Asia-Pacific shares were mostly higher as investors looked ahead to a U.S. consumer price index report on Thursday. Economists expect inflation to cool in December, which could signal to the Federal Reserve that previous interest rate hikes have had their intended effect.
of Australia S&P/ASX 200 The country’s November trade balance rose 1.18% to close at 7,280.4 after the release.
of Hong Kong Hang Seng Index It fell partially, reversing earlier gains. Mainland China Shanghai Mix It added 0.051% to close at 3,163.45 Shenzhen component It rose 0.23% to 11,465.73. China’s consumer price index rose 1.8% in December from a year ago, in line with Reuters expectations.
India’s inflation data for December is also due out.
Overnight on Wall Street, major stock indexes rose. Economists Researched by Dow Jones Expect the inflation axis to show that prices fell by 0.1% in December from November.