Asian shares climb after July U.S. CPI at 0.1% cuts September Fed hike odds to 34%
AI Market Summary
Benign July U.S. CPI cooled expectations for a September Fed hike (FedWatch odds falling to 34%), pulling U.S. yields lower and lifting risk sentiment across Asia and global equity futures. The shift supports a near-term rebound in equity indices and growth-sensitive positioning, while also weighing modestly on the dollar and pressuring gold. Oil eased as demand concerns dominated despite lingering geopolitical noise.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.43%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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U.S. consumer prices rose 0.1% in July, matching expectations and cooling bets on a Federal Reserve rate increase in September. Money markets now price a 34% chance of a hike, down from 55% a week earlier. Asia-Pacific equities rose broadly, with MSCI’s Asia-Pacific index up 1.08% and South Korea’s Kospi surging 3.78%. U.S. and European equity index futures edged higher, while Brent slipped 0.2% and the U.S. 10-year yield fell to 4.678%.
