Key Points
SYDNEY (Reuters) Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief, while bonds were able to sustain a rally amid signs U.S. inflation was easing...
All eyes were on U.S. data later in the session that may show core inflation growing 0.3% in September on a monthly basis, pushing the annual rate lower to 3.7% from 3.9% a month ago...
Overnight, the European Central Bank left interest rates unchanged as expected, sending the euro briefly to a two-week low..
MSCIs broadest index of Asia-Pacific shares outside Japan bounced 0.6% on Friday after hitting a fresh 11-month low a day ago..
Much attention was on underlying inflation, which subsided considerably last quarter, fuelling hopes that the closely watched U.S. personal consumption expenditures (PCE) for September on Friday the Feds preferred gauge of inflation are likely to surprise on the downside as well.. Goldman Sachs lowered its forecasts for monthly core PCE by 1bp to 0.27% and headline PCE estimate by 1bp to 0.33%...
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