Most Asian stocks are moving positively on Thursday, following yesterday’s gains in the Wall Street index as investors prepare for the data that will be announced tomorrow in the US on inflation, which will determine the next moves of the Federal Reserve.
The Japanese Nikkei 225 index fell 0.5% to 28,725.47 points.
In Hong Kong, the Hang Seng rose 1%, while in mainland China the Shanghai Composite also gained 1% after data showed that the annual growth of the producer price index slowed to 12.9% in November from 13.5% in October , as coal and metal prices fell.
At the same time, the consumer price index exceeded 2% for the first time in more than a year as food prices jumped 1.6%.
In South Korea the Kospi index gained 0.9%, while in Australia the S & P / ASX 200 closed with small losses of 0.3%. Indicators are moving upwards in Singapore, Indonesia and Taiwan.
Wall Street indexes gained ground for the third consecutive session on Wednesday, as concerns about the new coronavirus’s micron strain continue to subside.
Investors are now waiting for the critical data to be announced on Friday in the US on the course of consumer prices, for indications about the next moves of the Federal Reserve. The price rally in recent months has forced the central bank to reconsider its strategy, with officials preparing to bring the first rise in US interest rates from a record low next year to curb inflation after a 30-year high. October at 6.2%.