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© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Asian stocks mixed, China gains ahead of U.S. price data
By ELAINE KURTENBACH BANGKOK©2024 GPlusMedia Inc.
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Skeptical
Figures for the U.S. are in, showing the annual inflation rate in the US slowed to 8.3% in April from a 41-year high of 8.5% in March, but less than market forecasts of 8.1%.
The energy index rose 30.3% and the food index increased 9.4%, the largest 12-month increase since the period ending April 1981.
On a monthly basis, consumer prices were up 0.3%, slightly more than expectations of 0.2% but below a 16-year high of 1.2% in March. The index for gasoline fell 6.1%, offsetting increases in the indexes for natural gas and electricity.
Skeptical
Other news out today is from the MoF, showing foreign exchange reserves in Japan decreased to $1,322,193 million in April 2022, down from $1,356,100 million in the previous month. All time high in 1957 = $1,424,284. Total reserve assets were: foreign currency reserves ($1,195,415 million), IMF reserve position ($10,283 million), SDRs ($60,364 million), gold ($51,985 million) and other reserve assets ($4,146 million).