Japan’s Nikkei 225 hits all-time high after US inflation remains steady | Financial Markets

Asian stock markets see big gains amid growing expectations of an interest rate cut by the US Federal Reserve.

Japan’s benchmark stock market index has topped its all-time high for a second straight day amid expectations of an interest rate cut in the United States and easing trade tensions between Washington and Beijing.

The Nikkei 225 rose above 43,421 points on Wednesday after better-than-expected US inflation data bolstered the case for a rate cut by the US Federal Reserve at its next…