Asia-Pacific markets set for mixed open as Middle East tensions rise, Powell signals rate cuts

China's central bank will release its medium-term lending rate on Monday, while Singapore will publish its manufacturing data for July.

Traders in Asia will also return to the markets following dovish comments by U.S. Federal Reserve Chairman Jerome Powell on Friday and after Israel and Hezbollah traded strikes on Sunday.

A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024.signaled cuts to the Federal Funds rate Over the weekend, Israel's Air Force struck Hezbollah targets in Lebanon, shortly before the Iran-backed armed group launched over 320 rockets toward Israel.

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