Dow Jones Top Markets Headlines at 3 AM ET: Asia Stocks Gain on Softer U.S. Inflation, Oil Rises as U.S. Restarts Blockade | Blockbuster ...

Dow Jones Top Markets headlines underscored how softer U.S. inflation and renewed oil momentum are reshaping trading sentiment early Wednesday. Asia-Pacific equities rose as markets pared back expectations for U.S. rate hikes after the June inflation print cooled to 3.5%. Oil rebounded in recent weeks following a collapse in the Iran ceasefire, with the outlook for July seen as less favorable than June. Meanwhile, the U.S. restarting a blockade is cited as a factor in regional risk appetite. China’s economy grew 4.3% in the second quarter, its weakest pace since 2022, while Australia’s government moved toward AI-sector legislation expected early next year. In the U.S., the NFIB said small business confidence improved, and JPMorgan reported a surge in profits, drawing remarks from Jamie Dimon.