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Asia stocks off to slow start in earnings-rich week

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Asian shares started cautiously in a week packed with economic data and central-bank meetings.

alone have accounted for nearly half of the S&P 500's gains through March, so there is much riding on their outlooks.

"We also believe a major narrative of tech earnings season will be the AI arms race and each Big Tech player updating investors on their own AI ambitions/monetization strategy as Redmond battles Google and other tech stalwarts for the AI trophy case."debt ceiling Figures on U.S. wages and economic growth due this week will likely reinforce the case for further tightening. The Atlanta Fed's influential GDP Now tracker has the U.S economy growing an annualised 2.5% in the first quarter, only a shade slower than the previous quarter.

"Media background suggests don't expect tweaks to YCC, but its clear the writing is on the wall and the risk is of more substantive change at the next meeting," said Tapas Strickland, head of market economics at NAB.

 

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