US-China tariff truce: Nikkei reaches record high, Asian stocks rise; crude gains
Asian stocks experienced gains, led by Japan's Nikkei reaching a record high, following the US-China tariff truce extension. This eased trade tensions and stabilised oil prices. Australia's index also hit a record high amid expectations of interest rate cuts. Investors are now focused on upcoming US consumer price inflation data and its potential impact on Federal Reserve rate cut expectations.
Asian stocks experienced gains, led by Japan's Nikkei reaching a record high, following the US-China tariff truce extension. This eased trade tensions and stabilised oil prices. Australia's index also hit a record high amid expectations of interest rate cuts. Investors are now focused on upcoming US consumer price inflation data and its potential impact on Federal Reserve rate cut expectations.
