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.
China's central bank will release its medium-term lending rate on Monday, while Singapore will publish its manufacturing data for July."The time has come for policy to adjust," the central bank leader said at Jackson Hole, Wyoming."The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.
Hezbollah said this was in retaliation for Israel's assassination of Fuad Shukr, a senior commander, last month. However, the group signaled it was not preparing for more strikes, while Israel's Foreign Minister said the country did not want a full-scale war.In Asia, investors will assess medium-term lending rates from China's central bank on Monday, and Singapore's manufacturing numbers for July.futures pointed to a weaker open, with the futures contract in Chicago at 38,055 and its counterpart in Osaka at 38,280 compared to the previous close of 38,364.
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