Stock market today: Asia markets rise ahead of US consumer prices update

Asian markets have advanced following a positive close on Wall Street. U.S. futures and oil prices also were higher. Data released on Tuesday showed wholesale prices in Japan rose by 0.3% from a year earlier in November, the slowest rate of increase in almost three years. Investors are eagerly awaiting a crucial U.S. inflation report later in the day, which will likely set the tone for the Federal Reserve’s final meeting of the year on Wednesday. On Monday, the S&P 500 rose 0.4%. The Nasdaq composite rose 0.2% and the Dow Jones Industrial Average added 0.4%. Major stock indexes are on a six-week winning streak, with the S&P 500 up 20% for the year. Treasury yields held steady.