Five Things You Need to Know to Start Your Day: Asia

Good morning. US equities just keep on climbing. India’s growing faster than expected. The BOJ is still waiting on inflation. Here’s what’s moving markets. — Isabelle Lee

Wall Street traders fearing another disappointing inflation report got a degree of relief after the Federal Reserve’s favored price gauge, the personal consumption expenditures index, was in line with economists’ expectations. Treasury yields slipped and US stocks moved higher, pushing the S&P 500 to yet another all-time high — its 14th record this year. The Nasdaq 100 rose almost 1% with Nvidia leading gains in megacaps. Bitcoin also rallied again Thursday, a day after the 10 new exchange-traded funds investing directly in the world’s biggest cryptocurrency took in a net $673 million, handily beating their launch day record.