Asian markets rose Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next month, while blockbuster earnings from chip firm Micron helped soothe nerves over a tech bubble.
Mortgage interest rates were flat this week, but new data on the economy's health could encourage rates to go down.The average rate on a 30-year fixed-rate mortgage held steady at 6.14% APR the week ending Dec. 18, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.Why...
US consumer inflation slowed unexpectedly in November, delayed government data showed Thursday, although levels remained higher than earlier in the year before President Donald Trump's tariffs flowed through the economy.
Asian markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over a possible tech bubble.
Asian markets dropped Monday as concerns about the AI-fuelled tech rally returned to the spotlight after weak earnings from two big-name firms last week revived questions about the wisdom of the vast sums invested in the sector.
Stock markets on both sides of the Atlantic pulled back Friday as profit-taking trimmed some of the gains seen after the Federal Reserve's interest rate cut this week.