Asian shares are higher as easing worries over inflation reduce odds for another Fed rate hike
Asian shares have advanced at the start of a busy week for U.S. economic updates. Investors were encouraged by easing worries over inflation, which reduces the likelihood of another rate hike by the Federal Reserve. Markets were closed in Seoul and Shanghai on Monday for national holidays. U.S. stocks finished out last week near records after the latest jobs report cooled worries that a potentially hot U.S. economy could make inflation worse. On Friday, the S&P 500 climbed 0.7%. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite index rose 1.2%. This week will bring…
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