Asian Markets Rise After Softer-Than-Expected U.S. Inflation Data

From morningstar.com

U.S. stocks jumped to their biggest gains in more than two years, after softer-than-expected inflation data reignited bets that the Federal Reserve would slow the pace of its interest-rate increases. The S&P 500 added 5.5%, while the technology-focused Nasdaq Composite Index soared more than 7.3%. The Dow Jones Industrial Average rose 3.7%. Overall U.S. inflation was 7.7%, down from 8.2% in September. The core consumer-price index rose 6.3% in October from a year earlier, less than the 6.5% increase economists had expected. Thursday's rally was a stark reminder of how much weight investors have been putting on the ... (full story)