Positive growth and falling inflation in the US is good news for Asia-Pacific

The slow but positive growth and falling inflation in the United States are good news for the Asia-Pacific region.

In the context of high inflation, rising interest rates, fiscal dysfunction, and geopolitical conflict, many dismal scientists predicted that the U.S. economy would finish 2023 in stagnation or even a recession. Yet the U.S. economy has proven to be remarkably resilient.

In November and December 2023, the U.S. consumer price index rose by 0.1 percent and 0.3 percent, respectively. Relatively good news on inflation has prompted the Federal Reserve at its last meeting to keep interest rates unchanged and pointed to possible rate cuts in 2024. Throughout 2023, the unemployment rate remained at historic lows and the labor participation rate increased over the year. U.S. GDP performance beat expectations with robust 4.9 percent and 3.3 percent annualized growth rates in the third and fourth quarters of 2023. The S&P500 stock index rose 24 percent over the year and the U.S. dollar remained strong.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Fidelity Asian Values

More articles like this

Fidelity Asian Values

Asian markets rise on Chinese stimulus measures

Most Asian stocks increased on Monday, driven by stimulus measures in China. Technology-heavy indices also advanced as investors bought into the sector ahead of key earnings reports this week. Regional markets continued to build on last

Fidelity Asian Values

Asian stocks rise on optimism of Fed rate cuts

Asian stocks eked out gains on Tuesday, following Wall Street’s advance on optimism the Federal Reserve will start cutting interest rates this year. The yen dropped.  A gauge of regional equities is set for its longest

Fidelity Asian Values

Asian stocks rise as tech tracks bumper US earnings

Most Asian stocks rose on Friday, buoyed by gains in the technology sector as investors cheered strong earnings from Microsoft and Alphabet, although anticipation of more cues on interest rates kept sentiment in check.  Japanese stocks

Fidelity Asian Values

Asian stocks rise on optimism of potential US rate cuts

Most Asian stocks rose on Thursday, driven by optimism about potential U.S. interest rate cuts, even as the timing of the move remained uncertain, while regional currencies were little changed. South Korean .KS11 and Indonesian .JKSEstocks advanced 1.3%and 0.8%,

Fidelity Asian Values

Asian stock markets rise as dollar strengthens

Asian stock markets witnessed an uptick on Tuesday, while the dollar gained strength, keeping the yen near the critical 152-per-dollar mark that has sparked concerns about potential intervention. The shift in market dynamics was driven by

Fidelity Asian Values

Emerging Asia equities rise as Singapore leads gains

Most equities in emerging Asia rose on Tuesday with shares in Singapore clocking solid gains, while currencies traded largely steady after U.S. Federal Reserve policymakers signalled three rate cuts this year although the timing remained uncertain.

Fidelity Asian Values

Asian stocks gain on strong China production data

Asian stocks gained on Monday after China posted stronger-than-expected industrial production data in an uneven recovery for the world’s second-largest economy. Investors also have their eyes on a Bank of Japan decision on Tuesday, with policymakers