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

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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