Asia-Pacific markets are set to fall ahead of a rate decision by the Reserve Bank of Australia.
was trading down 1.1% ahead of an RBA meeting, where the central bank is expected to hold rates at 4.10%, according to a
In Japan, the Nikkei 225 looks primed to fall with the futures contract in Chicago at 31,630, and its counterpart in Osaka at 31,590 against its last close at 31,759.88.look tipped to fall after coming back on from a National Day holiday on Monday, with futures at 17,768 compared to the HSI's Friday close of 17,809.66.
The World Bank forecasts growth in in the developing East Asia and Pacific region to remain strong at 5% in 2023. However, its expects growth to ease in the second half of 2023 and fall to 4.5% in 2024, according to its regional update published on Sunday. Regional growth in the Asia-Pacific region is estimated to come in higher than average growth projected for all other emerging market and developing economies. To be sure, the recent numbers are lower than were previously projected.
Growth in China in 2023 is projected to be 5.1%. Excluding China, regional growth is expected to come in at 4.6% .Bitcoin rose more than 4.5% to $28,329, for its highest level since Aug. 17, when it traded as high as 29,108.3.Gold and silver drop to lowest price since March in early tradingBill Ackman says the economy is starting to slowPhiladelphia
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