Stocks welcome U.S. inflation relief, but wary of Fed

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Reuters

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks rose on Wednesday, bonds were firm and the dollar nursed losses after data showed U.S. consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in 2023. Nervousness about policymakers’ next moves, though, kept the mood in check ahead of a Federal Reserve meeting later in the day and central bank meetings in Britain and Europe on Thursday. Investors are also turning watchful on China’s reopening. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6…

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