Marketmind: Risk on Monday, China 'data dump' looms
© Reuters. FILE PHOTO: A man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File PhotoAsia is poised to start this week as it finished last week, with risk assets and investor sentiment buoyed by growing confidence in the U.S. economic 'soft landing', and easing financial conditions from the slide in the dollar and U.S. bond yields.
China's economic surprises index turned positive three weeks ago but despite stronger-than-expected third quarter GDP growth, that momentum has faded. This week's 'data dump' will give a clearer picture of how the economy started the fourth quarter. The Thai baht, meanwhile, climbed 1.5% on Friday for one of its strongest rallies this year. Further progress on inflation could pave the way for it to move further away from last month's one-year low around 37.20 per dollar.
Japanese corporate earnings are in full flow this week, with banks and financial firms likely to come under particular scrutiny in light of the policy shift the BOJ is currently undertaking. With the yen still weak around 150 per dollar, could the
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