Asian stocks lose early gains as Europe opens lower ahead of US inflation data
An early Asian advance faded Friday, while European shares opened lower. The next US producer-price report is due at 8:30 AM ET.
Asian stocks gave up an early advance Friday, and European shares opened lower as investors weighed the outlook for interest rates and the artificial-intelligence trade. The moves followed Nvidia's leadership change on Thursday.
Japan stood apart from weaker trading elsewhere in Asia, with Tokyo shares gaining while South Korean stocks declined. European shares then opened lower after the STOXX 600 reached a record high in the previous session.
The next scheduled US inflation release is October's Producer Price Index at 8:30 AM ET. The figures were not yet available at this edition's publication time. A producer-price reading measures prices received by producers; it is not the same measure as consumer inflation.
