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[hfe_template id='11223'] [ad_1] Asian stocks were on track for a fifth straight month of gains on Friday, bolstered by a growing view that cooling U.S. inflation could prompt the Federal Reserve to ease rates this year, while the yen tumbled to a 38-year low against the dollar. Friday is packed with risk events for markets after a relatively subdued week, with figures for May's U.S. core personal consumption expenditures (PCE) price index - the Fed's preferred measure of inflation - taking centre stage later in the day. Asian markets were little fazed by the first U.S. presidential debate between Democratic President Joe Biden and his Republican rival Donald Trump ahead of the November election, though U.S. stock futures and the dollar rose as investors narrowed the odds on a Trump win. "There's a big debate on whether that would be good news or bad news for equity markets, but I can tell you that for bond markets, the consensus is clear. If Trump were...

[hfe_template id='11223'] [ad_1] SINGAPORE: Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections. Chinese markets, in particular, will be looking out for comments about the trade relationship with Beijing, which has further soured in recent years. On the data front, figures for May's U.S. core personal consumption expenditures (PCE) price index - the Fed's preferred measure of inflation - are due later on Friday, and could offer further clarity on the U.S. rate outlook. "If tonight's core PCE inflation were to com...