The week ahead will see a slew of economic data from major Asian economies, including Japan, China and South Korea.
The Bank of Japan is expected to raise rates at its July 30 meeting, according to a Reuters poll of economists. Other key data due from the region includes China's July PMI, while Australia will release its latest set of inflation numbers before the central bank's Aug. 6 monetary policy meeting.leading gains in the region after a key U.S. inflation report late last Friday raised hopes for an interest rate cut.The Nikkei rose 2.26%, while the broad-based Topix was up 2.02%. Should the Nikkei manage to hold on to its gains, this would snap the index's eight-day losing streak.rose 0.
Friday's moves stem from a combination of oversold sentiment, a stronger-than-expected GDP report Thursday and the view that the Federal Reserve will begin cutting rates, said CFRA Research's Sam Stovall.Bill Ackman's IPO of Pershing Square closed-end fund is delayed, NYSE says