HONG KONG – Asian markets rose Thursday ahead of US inflation data and a European Central Bank meeting, while traders also tracked China-US relations after Joe Biden dropped a Trump-era bid to ban TikTok and WeChat.
With the global economy seeing a blockbuster recovery from last year’s virus-induced collapse, investors are in a broadly buoyant mood with expectations that equities will continue higher thanks to reopenings, vaccinations, government stimulus and vast central bank support.
However, that optimism is being dampened by fears the rebound is causing a spike in inflation that will force banks — particularly the Federal Reserve — to wind back their ultra-loose…
Keep on reading: Asia markets rise with key events on horizon