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International Business Times
International Business Times
Business
AFP News

Asian Markets Extend Wall St Rally After US Data And Ahead Of Fed

US Federal Reserve United States the Federal Reserve Bank of Japan Inflation Interest Rates
Speculation is swirling over whether the Bank of Japan will hike interest rates at its meeting this week (Credit: AFP)

Asian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in June stoked hopes the Federal Reserve will cut interest rates.

The upbeat mood comes at the start of a busy week for traders, with the central banks of the United States and Japan making policy decisions, a key US jobs report due on Friday and megacaps releasing their earnings.

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