US stocks gained following soft CPI data, but with price action choppy amid a busy day of central bank announcements – Newsquawk Asia-Pac Market Open

US stocks were higher albeit in a choppy session on Thursday, as upside kicked off overnight, led by the Nasdaq after the stellar Micron (MU) earnings and guidance on Wednesday night, while reports that OpenAI is set to raise billions at a USD 750bln valuation also lifted sentiment, indicating strong investor appetite in the AI space, after some of fresh concerns last week following Broadcom and Oracle earnings. Stocks advanced further after the November US CPI came in notably softer than expected, albeit with some nuances around the government shutdown. The data also led to immediate upside in T-notes and…