Forex
Asian Stocks Slide as US Inflation Data Shows Slowing Price Growth
Asian markets generally declined on Friday as investors reacted to US inflation data that showed an improvement in July. According to the latest figures, prices rose at a slower rate than expected, which is seen as positive for the economy.
The data also had a muted impact on US futures, with little change observed.
Oil prices remained steady after recent fluctuations.
The improvement in inflation rates may indicate that the Federal Reserve's interest rate hikes are having the desired effect of slowing down economic growth and preventing price increases from getting out of control.