Asia-Pacific markets climbed after a better-than-expected US inflation report

Japan Markets closed.

China +1.19%.

Hong Kong +1.71%.

Australia +0.87% Australian August consumer inflation expectations 5.9% (vs. previous 6.3%).

India +1.00%.

Overnight in the US all closed sharply higher and near their session highs, The Dow Jones Industrial Average leapt 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 jumped 2.13% to 4,210.24, and the Nasdaq Composite soared 2.89% to 12,854.80.

Singapore Q2 GDP -0.2% q/q – MTI slashes 2022 growth forecast.

New Zealand house prices -2.8% m/m (median price).

Oil prices fell in early Asian trade on Thursday as traders anticipated more supply of crude entering the market coupled with weaker demand.

Brent crude futures fell by 53 cents, or 0.5%, to $96.87 a barrel by 0005 GMT, while US West Texas Intermediate crude futures fell 61 cents, or 0.7%, to $91.32.

Gold prices slipped on Thursday, as the dollar and Treasury yields rebounded after comments from Federal Reserve officials pointed to aggressive interest rate hikes despite signs of slowing US inflation.

Spot gold fell 0.2% to $1,788.07 per ounce, as of 0123 GMT, after hitting its highest since July 5 at $1,807.79 on Wednesday.

US gold futures dipped 0.5% to $1,805.10.

Spot silver eased 0.2% to $20.53 per ounce, platinum rose 0.2% to $943.31, and palladium gained 0.2% to $2,244.33.

US futures higher. Dow Jones +0.17%; S&P 500 +0.16%; Nasdaq +0.28%.

Japan Markets closed. China +1.19%. Hong Kong +1.71%. Australia +0.87% Australian August consumer inflation expectations 5.9% (vs. previous 6.3%). India +1.00%. Overnight in the US all closed sharply higher and near their session highs, The Dow Jones Industrial Average leapt 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 jumped 2.13% to 4,210.24,…

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