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NEW YORK/LONDON: A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic
HONG KONG: Asia stocks reversed early gains on Tuesday, with traders sidelined ahead of U.S. inflation data and a European monetary policy meeting this week while oil prices lost more ground on worries over the fragile state of the global recovery.
Thailand, another country in Asia hit hard by the pandemic, kick-started its long-awaited mass vaccination drive on Monday and is prepping plans to reopen to vaccinated foreign visitors in what could be a big boost to an economy reliant on tourism.
A swathe of data is scheduled for this holiday-shortened week including industrial production index (IPI), manufacturing sales, unemployment rate, and foreign reserves.
Thailand's headline consumer price index (CPI) rose for a second straight month in May, up 2.44% from a year earlier, the commerce ministry shas announced, slightly missing analyst expectations.
From DR KALAASHINI RAMACHANDRAN and ASSOC PROF DR HAZREEN ABDUL MAJID.
HANOI (Vietnam News/ANN): Vietnam’s consumer price index (CPI) in May was up 0.16 per cent against April and 2.9 per cent from last year, reported the General Statistics Office (GSO) on Saturday (May 29).
ALTHOUGH the nationwide MCO (MCO 3.0) with restrictions on interstate and interdistrict travels, social activities, sports, and education had been imposed from May 10 to June 7, it did not appear to slow down the spread of Covid-19 infections.
Asian shares rose Friday, powered by encouraging signs that the US economic recovery from the pandemic is gaining momentum.