Asian Shares Slip Amid Anticipation for U.S. Inflation Report; Beijing Boosts Property Market, Japanese Yen Weakens

Beijing, China China
Beijing cut minimum down-payment ratios and mortgage interest rates for Chinese property market boosting efforts.
Chinese cities, including Beijing, have implemented measures to boost the property market without significantly lifting sentiment.
Japanese yen weakened against US dollar, Japanese officials may intervene to counter the trend.
Asian Shares Slip Amid Anticipation for U.S. Inflation Report; Beijing Boosts Property Market, Japanese Yen Weakens

BANGKOK (AP) – Asian shares fell on Thursday as investors awaited a key U.S. inflation report due Friday that could provide clues about the Federal Reserve's interest rate policy. The personal consumption expenditures index, or PCE, is the Fed's preferred measure of inflation and has been a focus for markets in recent weeks.

In China, Beijing implemented measures to boost its property market without significantly lifting sentiment. The city cut minimum down-payment ratios and mortgage interest rates to support the sector. Elsewhere in Asia, benchmarks fell more than 1% in Tokyo, Hong Kong, and Sydney. Oil prices and U.S. futures also declined.

The markets' focus this week is on the U.S. inflation report due Friday as investors weigh its potential impact on interest rates.

In Japan, the Japanese yen weakened against the US dollar, prompting Japanese officials to consider intervening in the market to counteract the trend. The S&P 500 index, Dow Jones Industrial Average, and Nasdaq composite all saw subdued trading around last week's records.

In other news, Amazon.com surpassed $2 trillion in market value for the first time. FedEx reported results for its latest quarter that easily beat forecasts. Volkswagen announced plans to invest up to $5 billion in electric vehicle maker Rivian.

The following are facts and topics derived from various sources related to this article:

Facts:

  • Chinese cities, including Beijing, have implemented measures to boost the property market without significantly lifting sentiment.
  • Beijing cut minimum down-payment ratios and mortgage interest rates for Chinese property market boosting efforts.
  • Japanese yen weakened against US dollar, Japanese officials may intervene to counter the trend.

Topics:

  • Asian shares
  • U.S. inflation report
  • Interest rates
  • Federal Reserve (Fed)
  • Personal consumption expenditures index (PCE)
  • Chinese property market and Beijing's efforts to boost it
  • Japanese yen and potential intervention by Japanese officials

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Confidence

90%

Doubts
  • Are there any non-peer reviewed studies or unverified information used in the article?

Sources

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock market today: Asian shares are mostly lower ahead of key US inflation report

The Associated Press News Wednesday, 26 June 2024 08:27
  • Unique Points
    • Chinese cities, including Beijing, have implemented measures to boost property market without significantly lifting sentiment
    • Beijing cut minimum down-payment ratios and mortgage interest rates for Chinese property market boosting efforts
    • Japanese yen weakened against US dollar, Japanese officials may intervene to counter the trend
  • Accuracy
    • Hang Seng fell 1.9% and Shanghai composite index was down 0.5% in the first article, but Hang Seng fell 2% to 17,733.76 and Shanghai composite index was down 0.6% at 2,955.13 in the second article.
    • Japanese officials warned they may intervene in the market to counter the trend of Japanese yen weakening in the first article, but U.S. dollar reached its lowest level since 1986 against the Japanese yen and prompted warnings from Japanese officials who may intervene in the market to counter the trend in the second article.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock market today: Asian shares are mostly lower ahead of key US inflation report

The Associated Press News Thursday, 27 June 2024 06:54
  • Unique Points
    • Chinese cities, including Beijing, have implemented measures to boost property market without significantly lifting sentiment
    • Beijing cut minimum down-payment ratios and mortgage interest rates for Chinese property market boosting efforts
    • The U.S. dollar reached its lowest level since 1986 against the Japanese yen
  • Accuracy
    • ][U.S. inflation report is due on Friday which might influence interest rates]
    • [Focus is on the U.S. government inflation report called PCE index]
    • [Shares rose in Mumbai, Jakarta and Singapore]
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock market today: Asian shares are mostly lower ahead of key US inflation report

ABC NEWS SITE NAMES Name: ABC News Site Names URL: https://abcnews.go.com/Politics/us-officially-blames-iran_106834435 ABC News Thursday, 27 June 2024 08:38
  • Unique Points
    • Amazon.com surpassed $2 trillion in market value for the first time
    • FedEx reported results for its latest quarter that easily beat forecasts
    • Volkswagen said it would invest up to $5 billion in electric vehicle maker Rivian
  • Accuracy
    • ]The personal consumption expenditures index (PCE), the Federal Reserve’s preferred measure of inflation, is the focus this week.[
    • Shares rose in Mumbai, Jakarta, and Singapore.
    • Investors are hoping for Federal Reserve interest rate cuts.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication