Asia stocks zoom as US inflation slips to over 2-yr low

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Stock market live on July 13, 2023: US inflation rose just 0.2 per cent in June over the preceding month and by 3 per cent annually, which was the lowest in over 2 years

BSE, stock market, sensex

STOCK MARKET LIVE: Benchmark indices Sensex and Nifty are eyeing a firm start on Thursday amid strength in global equities after US consumer inflation showed a meaningful slowdown. At 7:15 am, the Gift Nifty futures were at 19,556, up 90 points over Nifty futures’ previous closing. 

The US inflation rose just 0.2 per cent in June over the preceding month and by 3 per cent annually, which was the lowest in over 2 years, raising hopes that the Fed may pause the rate hike cycle after July’s increase.







Asian stocks zoomed this morning with Nikkei, Hang Seng, Strait times and S&P/ASX 200 rising over 1 per cent each. 

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First Published: Jul 13 2023 | 7:28 AM IST

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