Moving markets today: Asian markets mixed, oil prices rise, gold holds steady; US PCE inflation in focus in a holiday-shortened weekÂ
In Asian markets, there was a mixed performance, with some edging higher while others experienced slight declines. Concerns about potential intervention in the currency markets by Japan temporarily halted the yenâs decline. Meanwhile, oil prices rose due to worries about a decrease in global supply amid escalating tensions in the Middle East and between Russia and Ukraine. Investors will closely watch Fridayâs release of the US personal consumption expenditures price index to assess the latest inflation trends. However, with many markets closed for Easter on Friday, the full impact of the PCE data wonât be felt until the following week. Trading on the…
