Asia-Pacific stocks trade mixed after soft U.S. inflation report pushes two Wall Street benchmarks up [MSNBC.com]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: MSNBC.com
Asia-Pacific markets traded mixed on Thursday after a soft inflation report in the U.S. helped two of the three benchmarks on Wall Street reverse course from two days of losses.The consumer price index — a broad-based measure of costs across the U.S. economy —increased 0.2% month-on-monthThe latest reading "is welcome relief," Vishnu Varathan, Mizhuo Bank's head of macro research in Asia excluding Japan."Crucially, February's inflation will almost certainly not entail any tariff impact, which means that the relief, while welcome, is redemption for Fed [U.S. Federal Reserve] hawks concerned about price shocks piling on," he explained in a Thursday note.Looking ahead, Varathan said it is "premature for the Fed to let its guard down at this j
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