Many Asia shares slipped on Tuesday after Beijing released weak fourth-quarter economic data, although investors' expectations for a strong China rebound remained high even as the global economy edges closer to recession.
as soon as Wednesday, after the central bank's attempt to buy itself breathing room backfired, emboldening bond investors to test its resolve.multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for BOJ's potential policy shift.was steady on Tuesday morning, down just 0.01% at 0128 GMT, after hitting a seven-month high on Monday.closing up 0.5% at 454.
"The drop in inflation in the U.S. is encouraging, although the fly in the ointment is that this drop is largely coming from energy and goods prices," the report said. "Services inflation continues to increase on an annual basis in the U.S. and will likely remain strong so long as the supply-demand mismatch in the labour market persists," it added.by the World Economic Forum in Davos expected a global recession this year, with some 18% considering it "extremely likely" - more than twice as many as in the previous survey conducted in September 2022.
U.S. crude fell 1.35% to $78.78 a barrel while Brent was down 0.41% at $84.11 a barrel, although the prices were still near their highest levels this month as easing COVID restrictions in China raised hopes of a demand recovery in the world's top crude importer.Reporting by Kane Wu in Hong Kong; Editing by Jamie Freed and Gerry Doyle
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