TOKYO: Asian markets rose on Thursday ahead of US inflation data and a European Central Bank meeting while traders also tracked China-US relations after US President Joe Biden dropped a Trump-era bid to ban TikTok and WeChat. "There's a lot of wait-and-see going on and really just thinking it would take a lot to really surprise markets." The European Central Bank is expected to hold its easy money policy in place for now, though its post meeting statement will be pored over for its plans as the recovery develops. The "inflation data won't change the Fed's mind over inflation, but a hot reading could help put a tentative floor on Treasury yields." Meanwhile, commerce officials from the two countries held discussions on trade and investment links.

Source: Manila Times June 10, 2021 16:41 UTC