Asia markets poised to open mixed after Nasdaq hits fresh record high

another new record highInvestors will be assessing Australia's inflation numbers for April, with the weighted inflation rate expected to ease to 3.4% from 3.5% in March.In a preview note last week, analysts from ING said:"One more bad inflation report from Australia, and we will consider removing the final cut we have pencilled in by the in the fourth quarter of this year. Two more, and we may consider adding a rate hike.

"For a material move higher in the market by year end to be justified on the math, we think investors will need to start focusing on the outlook for 2025, where visibility still seems a bit limited," Calvasina added.Raging supercore inflation means investors can't rule out rate hikes this year, says chief economist

The chief economist of Apollo Global Management noted that supercore inflation, which excludes food, energy and housing prices, has started to reaccelerate due to tailwinds in the service sector. This uptick in inflation, combined with a strong housing outlook, could provide a damper for investors expecting the Federal Reserve to cut rates this year.

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