Singapore Tightens Monetary Policy; Asia Markets Rise as More Data Shows U.S. Inflation Cooling
Asian markets are up after retail sales data from Japan and Australia came out.
The Kosdaq Index saw the biggest gain in the area, climbing 1.19%. The stock closed at its highest level since February, up 1.33%. MAS stated that the slope and width of band will not be changed. The company shares its stock picks, which include a hidden jewel and a unique player.
Bank of America believes that the recent increase in the number of EVs on the road in Europe will spur demand for charging infrastructure, which in turn will benefit the bottom line of this global stock.
The producer price index (a measure of wholesale inflation) fell by 0.5% in March, another sign that U.S. prices may be slowing down. The Labor Department announced Thursday that initial claims for the week ending 8 April totaled 239,000. The Shanghai upgrade enabled Ethereum stake withdrawals after a 2-year lock-up period around 6:30 pm ET on April 12. What Shanghai means to investors
-- Tanaya Macheel