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Asian Shares Advance As Investors Await U.S. Inflation Data

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian stocks rose on Tuesday, the dollar slipped, and Treasury bond yields remained pressured as investors remained convinced that key U.S. inflation data due later in the day would show an easing in price pressures on an annual basis.

Gold edged higher in Asian trading on dollar weakness, while oil prices dropped around 1 percent after the U.S. government announced it would release more crude from its Strategic Petroleum Reserve (SPR) at a time when U.S. crude markets are flush with supply.

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