This is CNBC's live blog covering Asia-Pacific markets.China held its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively, after the country laid out measures on Friday to boost its property market. The five year LPR is the reference rate for housing mortgages.
This market rally should continue at least in the short term, according to Tom Lee, head of research at Fundstrat Global Advisors. Lee highlightedTraders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. "We continue to believe recent economic data underpin our view that a return of disinflation should allow the Fed to start easing policy later this year," the bank wrote.
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Asia markets are set to track Wall Street gains ahead of key U.S. inflation dataAsia markets were set to open higher Wednesday, tracking Wall Street gains overnight that saw the Nasdaq Composite index hit a fresh record closing high.
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Asia markets track Wall Street gains ahead of key U.S. inflation dataAsia markets were higher Wednesday, tracking Wall Street gains overnight that saw the Nasdaq Composite index hit a fresh record closing high.
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