(Bloomberg) — Asian stocks traded in a narrow range on Tuesday ahead of a swath of global inflation prints that’s expected to influence monetary policy.
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Equities in Japan, Australia and South Korea traded mixed after a start to the week when US and UK markets were closed and European shares edged higher in thin trading. US futures edged higher in early Asia hours.
Traders will this week be studying fresh inflation data from Australia to Japan, the euro region and the US. Bank of Japan Governor Kazuo Ueda and his deputy indicated there is scope for gradually raising interest rates now that the nation has shifted away from an inflation norm of 0%. Japan’s April producer prices beat estimates.
A gauge of the dollar and the 10-year Treasury yield slipped.
The Federal Reserve’s favorite measure of underlying inflation is expected to show modest relief when it…
