Asian Stocks Poised to Fall as China Economic Worries Grow

-- Asian stocks are poised to fall early Monday as concerns over the health of the Chinese economy grow. US equity futures were steady.Belfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportContracts in Australia, Hong Kong and mainland China point to an early loss at the Monday open, while moves in Asia may be exacerbated by thin liquidity with Japanese markets closed for a holiday. The S&P 500 closed 0.2% lower on Friday following a quarterly options expiry.

Broadly, markets are readying for the final quarter after the Federal Reserve began its long awaited rate cut cycle last week, lifting everything from Indonesian bonds to gold. Data this week including the Fed’s preferred measure of inflation should confirm whether the rally will extend, with a deterioration likely lifting odds of a further 50 basis point cut.

The dollar was little changed against major peers early Monday. Cash trading of US Treasuries was closed in Asia due to the holiday in Japan. Australian bond futures edged lower ahead of the Reserve Bank of Australia extending a policy pause on Tuesday as housing costs underpin sticky inflation.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallHONG KONG (AP) — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Look Steady as China Concerns Mount: Markets Wrap(Bloomberg) -- Asian stocks were poised for a steady open Tuesday, with investors holding their nerve as concerns mount over China’s economic woes.Most Read ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024HONG KONG (AP) — Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks log modest gains as data show China's economy slowing furtherHONG KONG (AP) — Asian stocks started the week with modest gains after U.S. stocks finished their best week of the year, approaching record levels.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks Eye Fed Bounce After Powell Speech: Markets Wrap(Bloomberg) -- Most Asian stocks look poised to gain early Monday, after Wall Street was cheered by signals from Federal Reserve Chair Jerome Powell that US ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian stocks mixed after Wall Street rallies as 'time has come' for rate cutsHONG KONG (AP) — Asian stocks were mixed Monday after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »