Asia Markets Rise as More Data Shows U.S. Inflation Cooling
Asian markets are trading higher as they see retail sales data out of Japan and Australia. The data shows that retail sales in Japan are up 3.7% from last year, while in Australia they are up 2.1%. This is good news for the Asian markets as it indicates that consumer spending is on the rise.
Singapore's central bank has maintained its monetary policies as core inflation is at its highest level in 14 years. The Kosdaq Index saw the biggest gain in the area, climbing 1.19%. The stock closed at its highest level since February, up 1.33%. The company shares its stock picks, which include a hidden jewel and a unique player.
Bank of America believes that the recent increase in the number of EVs on the road in Europe will spur demand for charging infrastructure, which in turn will benefit the bottom line of this global stock.
The producer price index (a measure of wholesale inflation) fell by 0.5% in March, another sign that U.S. prices may be slowing down. The Labor Department announced Thursday that initial claims for the week ending 8 April totaled 239,000. The Shanghai upgrade enabled Ethereum stake withdrawals after a 2-year lock-up period around 6:30 pm ET on April 12. What Shanghai means to investors
-- Tanaya Macheel