(Bloomberg) -- Asian stocks mostly advanced after U.S. equities rallied and bonds climbed ahead of key inflation data that will help shape the outlook for the Fed's next move." Bloomberg Most Read Iran's Better, Stealthier Drones Are Reshaping Global WarfareTrumpism Is Hollowing Out ChurchesUkraine Claims to Be Be Behind Russian Ship Fires in the BalticBillionaire Geiger, Blackstone Nearing L'Occitane DealS&P 500 Rallies Late, CPI in Focus: Market RoundupToday's Currencies
Equity markets are adapting to a stronger growth environment, as evidenced by the strong performance of cyclical sectors such as energy and materials, Morgan Stanley said.