Corporate earnings, inflation data restrict Asian shares
Asian share markets traded cautiously on Tuesday. This followed after U.S. financial markets fluctuated as investors anticipated the start of corporate earnings season and the release of key inflation figures.
MSCI’s broadest index of Asia-Pacific shares performed less than 0.1% during its early trade. Australia’s S&P/ASX 200 advanced 10 points. While the country’s major miners performed poorly, the jump was brought about by an increase in tech-related stocks. Japan’s Nikkei, on the other hand, tallied a 0.9% gain.
Fueled by accommodative monetary and fiscal policies, the United States is expected to stage a rebound. The Federal Reserve’s stance would still be appropriate as inflation stood below the central bank’s 2% target. In addition to this, inflation figures for March are due later on Tuesday.