Asian stocks crept higher on Tuesday and the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates early next year. Oil prices were mixed after both benchmarks – Brent crude and U.S. West Texas Intermediate crude – rose 3% last week in the wake of Houthi attacks on ships that disrupted global shipping and trade, as the Israel-Gaza conflict raged on. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.48% higher and is on course for a nearly 2% gain this year, after dropping 20% in 2022.
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