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Asia-Pacific stocks set to fall ahead of China inflation data

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Asia-Pacific markets are set to fall ahead of China’s inflation and trade data for the month of September.

China is slated to release inflation numbers early Friday. Analysts polled by Reuters expect the country's consumer price index to climb 0.2% year-on-year, compared to 0.1% in the previous reading.In Japan, the Nikkei 225 is poised for decline, with futures contract in Chicago at 32,385 and its counterpart in Osaka at 32,370 lower than its last close at 32,494.66.

Over the medium, Senyek believes the lagged effect of the Fed's rate hikes since March 2022 will eventually"spark economic disappointments, rising recession concerns and a downward EPS revision cycle in the months ahead," and that declining interest rates will be insufficient to offset the downward bias.A Zomato delivery driver in New Delhi, India.

 

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