BANGKOK (AP) — Stocks rose in European trading after a decline in Asia Thursday following a report showing U.S. inflation was about as expected last month.

Germany’s DAX jumped 1.2% to 19,223.90 and the CAC 40 in Paris rose 0.8% to 7,274.79. Britain’s FTSE 100 index edged up 0.1% to 8,042.07.

S&P 500 and Dow Jones Industrial Average futures rose 0.2%.

The dollar traded at 156.10 Japanese yen, down from 155.49 yen, reflecting expectations that the greenback would gain against other currencies under planned policies of President-elect Donald Trump’s new administration.

Japan’s Nikkei 225 index fell 0.5% to 38,535.70 and South Korea’s Kospi gained 0.1% to 2,418.86. Australia’s S&P/ASX 200 gained 0.4% to 8,224.00.

Chinese markets fell, with Hong Kong’s Hang Seng falling 2% to 19,435.95. The Shanghai Composite index lost 1.7% to 3,379.84.

Bangkok’s SET lost 0.2% and Taiwan’s Taiex fell 0.6%, while India’s Sensex lost 0.2%.

A stronger dollar tends to put pressure on other economies, noted Stephen Innes of Capital Economics. The Thai baht has also weakened against the dollar since the U.S. election, as has the Chinese yuan, or renminbi, which now stands at 7.2245 per dollar and was trading at around 7 yuan per dollar early october.

“For Asia, especially for economies closely tied to China, dollar dominance is poised to become an economic wrecking ball,” he said in a commentary. “Countries with heavy debt denominated in US dollars are bracing for the consequences,” he added.

U.S. stocks drifted to a mixed finish on Wednesday after the latest inflation update That boosted hopes that an interest rate cut next month would bring more help to the economy.

The S&P 500 remained virtually unchanged, losing more than 0.1% during its first defeat for a long time a rally broke out after the November 5 elections. The Dow Jones Industrial Average added 0.1% and the Nasdaq composite slipped 0.3%.

U.S. consumer inflation accelerated in October to 2.6% from 2.4%, but an underlying measure called “core inflation” did not increase. Such underlying inflation may be a better indicator of future trends, economists say, so the numbers reinforce expectations for additional help from the Federal Reserve.

T Rump’s victory The presidential election has sparked uncertainty about the future direction of the Fed. The US central bank in September began cutting interest rates from their highest level in two decades to support the labor market. hummin g after bringing inflation has almost completely fallen to its target of 2%. It was cut further earlier this month, and traders now see an improved probability of around 80% for a third cut at next month’s meeting, according to CME Group data.

Economists say Trump’s preferences for lower tax rateshigher prices and less regulation could ultimately lead to increase in US public debt and inflationbut also faster economic growth.

While lower interest rates can stimulate the economy and drive up investment prices, they can also fuel inflation.

In the crypto marketbitcoin was trading at $91,590 after surging above $93,000 as cryptocurrencies generally soared. Trump embraced cryptocurrenciespledging to make the United States the crypto capital of the world.

In other trading Thursday morning, U.S. benchmark crude oil lost 9 cents to $68.34 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, fell 2 cents to $72.26 a barrel.

The euro fell to $1.0513 from $1.0587.