Singapore, Jan. 12 (BNA): Asian stocks hovered below seven-month highs on Thursday, as investors waited to see if US data would confirm declining inflation, while the yen rose on a report next week that Japan will review the side effects. Its very easy policy.
Japan’s Nikkei was flat, as were S&P 500 futures. European futures were up 0.4%. Reuters reported that bonds held overnight gains and the dollar was stuck near a seven-month low of $1.0769 per euro.
Besides hopes for softer central banks in the West, investors are also counting on a recovery in China to help global growth and are eyeing a possible policy shift in Japan.
The Bank of Japan surprised markets last month by widening the range around its 10-year yield target, a move that sparked a surprise spike in yields and a jump in the yen.
Rial