Asian stocks were higher on Wednesday with Japan’s Nikkei breaking past 43,000 for the first time and global markets establishing new records. U.S. inflation data that was softer than expected added to the case for another Federal Reserve rate cut next month. Ether hit a nearly four-year high and the dollar held near a two-week low while commodities were steady.
Asian equities advanced Wednesday, led by Japan’s Nikkei 225, which hit an all-time high above 43,000 as trading resumed following a holiday. The MSCI All Country World Index touched a record of 949.19, too. The S&P 500 and Nasdaq reached fresh records on Wall Street, with S&P 500 e-minis remained steady early in the Asian session.
EUROSTOXX 50 futures are up by 0.5%, DAX futures added 0.5%, and FTSE futures gained 0.2%. The U.S. dollar stayed subdued, and ether pushed to its highest level since 2021, showing that investors are feeling confident as they expect the Fed to cut interest rates next month.
