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Asia stocks see slim weekly gain, await US inflation

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks were poised to eke out gains for the final full trading week of the year on Friday, while the dollar eyed a loss as investors look to 2024 as a year of steep U.S. rate cuts. MSCI’s broadest index of Asia-Pacific shares outside Japan went up 0.3% in early trade. For the week the index is very marginally higher. Banking shares helped Japan’s Nikkei rise 0.2%. The euro poked above $1.10. Markets have been in a festive mood for weeks as inflation data around the world has showed a slowdown and the Federal Reserve signalled it was done raising int…

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