Asian shares slip as China optimism fades; RBA in focus
SINGAPORE - Asian equities fell on Tuesday as the spotlight remained on China and its efforts to stabilise its stuttering post-pandemic economy, while traders awaited the outcome of a policy meeting of the Reserve Bank of Australia.
"The miss in China's Caixin services PMI has offset some of the sentiment shift we got yesterday," said Charu Chanana, market strategist at Saxo in Singapore. With the recent decline in inflation and a slight rise in unemployment in Australia, all but two of 36 economists polled by Reuters said the RBA would hold its official cash rate at 4.10%, in line with interest rate futures pricing."While the chances of another and almost certainly final rate hike have diminished, we aren’t totally ruling out one more before the year-end," ING economists said in a note.The U.S. markets were closed on Monday, leading to light trading volume.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
AUD/JPY Price Analysis: Steady as Asian markets open at around 94.60s, RBA eyedAs Tuesday’s Asian session begins, the Aussie Dollar (AUD) climbs a minuscule 0.04% against the Japanese Yen (JPY), following Monday’s upbeat session,
Les mer »
After Country Garden debt deal, focus shifts to China property recovery prospects By ReutersAfter Country Garden debt deal, focus shifts to China property recovery prospects
Les mer »
US expects to upgrade Vietnam ties, risks China anger By ReutersUS expects to upgrade Vietnam ties, risks China anger
Les mer »
Raimondo warns China patience of US business is 'wearing thin' By ReutersRaimondo warns China patience of US business is 'wearing thin'
Les mer »
Asia looks to extend rally on China, US rate hopes By ReutersAsia looks to extend rally on China, US rate hopes
Les mer »
Oil rises on China, US economic data and OPEC+ cut expectations By ReutersOil rises on China, US economic data and OPEC+ cut expectations
Les mer »