• Equities in Asia are set to rise Thursday after Wall Street resumed a rally as robust earnings helped overcome worries about persistent inflation.
• Share in Australia and futures for Japan and Hong Kong all advanced. The Golden Dragon index of US-listed Chinese companies climbed 3.5% in New York trading, in a sign of upward pressure for Chinese equities. Mainland markets remain closed Thursday.
• US futures were little changed in Asia after the S&P 500 rose 1% Wednesday to close above 5,000 points. The gains retraced the bulk of Tuesday losses when US core inflation rose more than expected, muddying the path ahead for Federal Reserve rate cuts.
• Traders have further scaled back Fed cut bets. Market pricing indicates investors have largely given up hope of a cut in March. The chance of one the following meeting in early May stands at 1-in-3, down from almost full certainty for a cut two weeks ago.