Hong Kong — Asian shares traded cautiously and bonds nursed small losses on Tuesday as investors braced for an eventful week that includes central bank meetings, a slew of earnings reports and US economic data.
“It’s a big week for both central banks and US equities, with some of the household names due to make earnings announcements that will provide a micro overview of the macro economy,” ANZ analysts said in a note. On Monday, US stocks lost ground with the major indices sinking, weighed down by declines in technology and other giant corporations’ shares.
At the end of the Fed’s two-day policy meeting on Wednesday investors will be glued to chair Jerome Powell’s news conference for clues on whether the rate-hiking cycle may be coming to a close, and for signs of how long rates could stay elevated.
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