Japanese stocks climb before Nvidia results
Japanese stocks edged up modestly ahead of the release of NVIDIA's earnings and US inflation data, which could influence the Federal Reserve's decision on interest rate hikes. The Nikkei 225 index increased by 0.56%, reaching 66,227.55 points, while the broader Topix index rose by 0.61% to 4,118.44 points. Markets in the United States are awaiting the July Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred measure of inflation. Experts expect that a decline in inflation could reduce the likelihood of a rate hike in September, supporting higher stock prices. NVIDIA's results come amid mixed performances across Asian markets, with the South Korean KOSPI down 0.3%, while Hong Kong and Australia indices saw limited increases.
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