Mixed Inflation Signals Steady Global Markets

Global markets have remained steady despite mixed signals on inflation rates.

The release of US Consumer Price Index (CPI) data on Wednesday aligned with market expectations, reducing the likelihood of a Federal Reserve rate hike in September.

However, Japan's wholesale inflation figures suggest that the Bank of Japan may raise interest rates next month due to robust demand and increasing raw-material costs.

In Asia, stock markets showed resilience, with South Korean shares reaching their highest levels in three weeks, driven by strong performances in the chip sector.