“Asian Stocks Rise Ahead of Inflation Data, While Oil Prices Climb”

Asian shares saw modest gains on Monday as investors braced for important inflation data that could influence the Federal Reserve’s interest rate decisions. The Nikkei 225 in Japan rose 0.3% to 29,444.14, while Australia’s S&P/ASX 200 gained 0.5% to 7,844.50. Hong Kong’s Hang Seng index climbed 0.4% to 18,143.37, and China’s Shanghai Composite surged 0.9% to 2,983.93. The dollar weakened slightly against the yen, trading at 146.00 yen. In commodities, oil prices increased by 1.5% to $81.50 per barrel. Overall, the market is cautiously optimistic, awaiting the inflation data’s potential impact on interest rates.

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