Asian equities were mixed Thursday after a rally on Wall Street drove stocks and bonds higher, as a drop in producer prices supported bets the Federal Reserve will resume cutting interest rates next week. An index of the dollar was little changed while the yen strengthened against the greenback early Thursday. The Wednesday moves in the US reflected fresh optimism that the Fed will cut rates next week after producer prices unexpectedly declined for the first time in four months. The data soothed worries that elevated inflation would create a challenge for policymakers trying prevent a jobs downturn ahead of US inflation figures due later Thursday. We get the views of Eric Fine, Portfolio Manager & Head of Active EM Debt at VanEck.
Plus - UBS Group CEO Sergio Ermotti says the impact of global tariffs on the US economy and Federal Reserve monetary policy remains unclear. He made the comments ahead of the annual UBS Disruptive Technology CEO Summit in Hong Kong, which gets underway today. Ermotti speaks exclusively with Bloomberg's David Ingles in Bloomberg's Hong Kong bureau.
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