Most Asian markets are set to open lower Monday as investors digest the downbeat economic data from China that cast a gloomier prospect of its economy.
Markets in mainland China and South Korea are closed Monday for Mid-Autumn festival. Japan markets are closed for are closed for the Respect for the Aged Day.Typhoon Bebinca has led to cancellation of hundreds of flights in China and Shanghai is expected to be hit by the strongest storm since 1949.Asian markets were set to open mixed Monday as investors digested the downbeat economic data from China released over the weekend, while several key markets were closed for holidays.
Markets in mainland China and South Korea were closed for Mid-Autumn festival. Japan markets were closed for Respect for the Aged Day. Typhoon Bebinca has led to cancellation of hundreds of flights in China and Shanghai is expected to be hit by the strongest storm since 1949.
Markets Breaking News: Markets Asia Economy Nikkei 225 Index S&P 500 Index NASDAQ Composite Dow Jones Industrial Average Business News
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.
Fed's Goolsbee: There is an overwhelming Fed consensus for multiple rate cutsFederal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that Fed officials are finally beginning to catch up with the broader market's view that the time has come for movement from the US central bank on policy rates, but downplayed discussion of a larger opening cut in September.
Read more »
Fed’s Daly: Fed needs to cut policy rate because inflation is falling, economy is slowingOn Thursday, San Francisco Federal Reserve President Mary Daly said that the “Fed needs to cut policy rate because inflation is falling and the economy is slowing.” Additional comments On size of Sept Fed rate cut, 'we don't know yet'.
Read more »
China hobbles rebound in Asia shares; US data, Fed meet in viewChina hobbles rebound in Asia shares; US data, Fed meet in view
Read more »
NZD/USD falls to near 0.6200 due to diminishing dovish mood of Fed, China’s concernsNZD/USD continues to lose ground for the third successive session, trading around 0.6200 during the Asian hours on Tuesday.
Read more »
US-China military leaders hold routine talks to discuss South China Sea tensions, other issuesTop military leaders for the U.S. and China have met in Beijing for routine talks that only resumed in January. They were suspended for two years as ties between the two countries soured.
Read more »
China, Philippines accuse each other of ramming ships in South China SeaThe Philippines and China exchanged accusations of intentionally ramming coast guard vessels in disputed waters of the South China Sea on Saturday, the latest in an escalating series of clashes in the vital waterway.
Read more »