Markets await U.S. inflation data; softer dollar, lower yields aid Asia
Investors pause for U.S. inflation numbers that could sway Fed policy, while weaker bond yields and the dollar lift Asian assets. Berkshire Hathaway reported a $4.5 billion buyback.
Global financial markets are in a holding pattern ahead of the release of U.S. inflation data, which will offer fresh clues on the Federal Reserve's interest-rate outlook. The backdrop of declining Treasury yields and a softer dollar is providing a supportive environment for Asian equities and other risk-sensitive assets.
In corporate developments, Berkshire Hathaway disclosed a $4.5 billion share buyback during the second quarter, along with nearly $20 billion in equity purchases. The moves highlight the conglomerate's deployment of cash even as investors weigh macro headwinds.
Source: First Squawk