Asia markets set to fall ahead of Australia rate decision; inflation, business activity data expected

📆 05/09/2023 04:48:00
📰 CNBC

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Inflation readings from South Korea, Thailand and the Philippines are slated for release Tuesday as well as PMI readings from China, India and Hong Kong.

UBS expects 'clear signs of slowing' for U.S. economy by November's FOMC meeting

"August was a tough month for investors," said Mark Haefele, global wealth management chief investment officer at UBS, noting that the S&P 500 ended last month down 1.6%. "Contradictory evidence and conflicting interpretations of economic data, asset pricing, and the outlook for Fed policy have buffeted asset prices in recent weeks as expectations of a soft landing for the US economy have ebbed and flowed.

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Hong Kong stocks lead gains in Asia; Australia and China data closely watched this weekAsian markets will be watching the Reserve Bank of Australia’s rate decision, as well as China’s inflation data later this week.
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