Asian Markets Surge: US Inflation Slowdown Sparks Rate Cut Hopes
Asian markets rallied on Friday, buoyed by a weaker-than-expected US inflation report that has rekindled hopes for a Federal Reserve interest rate cut. Tech stocks, particularly chipmaker Micron, provided further optimism after strong earnings. Meanwhile, Japan's yen weakened against the dollar as the Bank of Japan raised its key interest rate to a 30-year high. How might these global economic shifts impact Nigeria's market and currency?