(Bloomberg) — European stocks futures were steady, while Asian equities gained ahead of the Federal Reserve’s key inflation metric that will help identify the path forward for interest rates. Bitcoin’s rally extended past $63,000.
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The Euro Stoxx 50 contract was little changed along with the US equity futures. Traders await the core personal consumption expenditure gauge that will likely highlight the bumpy path the central bank faces in achieving its 2% target. The PCE data due later Thursday is seen validating recent commentary from officials showing no rush to ease monetary policy.
A gauge of regional equities reversed early losses, driven by a rebound in Chinese shares. The yen climbed the most in more than a week against the dollar after Bank of Japan Board Member Hajime Takata signaled that the case for ending the negative interest rate policy is gaining momentum.
Chinese equities have rebounded…
