China will announce its loan prime rate decision on Monday, while key economic data from Japan will be out later this week.
Asia-Pacific markets were set to climb on Monday to kick-start a week packed with economic data from across the region.
This market rally should continue at least in the short term, according to Tom Lee, head of research at Fundstrat Global Advisors. The 30-stock index rose 134.21 points, or 0.34%, to settle at 40,003.59. The benchmark had first crossed over the 40,000 mark for the first time on Thursday morning.Softer economic data in recent weeks bolsters the argument that investors may finally receive some much-anticipated rate cuts in 2024, UBS argued in a Friday note.
UBS added that price pressures have also been easing in recent months in categories such as shelter, which should help bring down overall inflation.Stocks will experience near-term choppiness followed by a late-year rally, Wells Fargo says
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia markets rise as Fed meeting looms; Japan and China economic data in focusChina’s official purchasing managers index for April will be released on Tuesday, along with Japan’s industrial production and retail sales data…
Read more »
China and Japan: How Asia's Top Two Economies CompareEconomic malaise in several key areas has led to continued debate over whether China will follow Japan into years-long economic stagnation.
Read more »
Asia markets mostly poised to rise ahead of China trade data and Japan pay figuresEconomists polled by Reuters are expecting a 1.5% rise in exports in China, a reversal from the 7.5% fall seen in the past month.
Read more »
Asia markets mixed ahead of China trade data and Japan pay figuresEconomists polled by Reuters are expecting a 1.5% rise in exports in China, a reversal from the 7.5% fall seen in the past month.
Read more »
Asia markets mixed ahead of China trade data; Japan real wages drop for 24th straight monthEconomists polled by Reuters are expecting a 1.5% rise in exports in China, a reversal from the 7.5% fall seen in the past month.
Read more »
Asia markets set for mixed open as investors assess China inflation data, await Japan GDP printChina’s consumer price index climbed 0.3% year on year, beating expectations of a 0.2% rise estimated in a Reuters poll.
Read more »