Asian markets rose Wednesday following the previous day's losses but investors remain on guard over a possible correction as concerns about asset bubbles and a surge in inflation continue to play against progress in fighting coronavirus.
Asian markets fluctuated Tuesday, with growing optimism that the rollout of vaccines will allow the global economy to get back on track offset by niggling worries that the recovery will fan inflation and lead to a hike in interest rates.
Turkish inflation likely quickened for a fourth month on last year’s lira downswing and a rise in international commodity prices, though seasonal volatility in food prices led a sizable minority of analysts to pencil in a drop in the gauge.
The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) said on Monday that the MAS Core Inflation came in at -0.3 percent on a year-on-year basis in December 2020, compared to -0.1 percent last November.
The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) said on Wednesday that both MAS Core Inflation and Consumer Price Index (CPI)-All Items inflation came in at -0.1 percent on a year-on-year basis in November, compared to -0.2 percent in October.
With falling international commodity prices, the government on Thursday said the annual inflation in the outgoing fiscal year will ease to 10.7 percent, down from the earlier projection of 11.8 percent.