Sydney — Asian shares slid and the dollar held firm on Monday ahead of a week packed with no less than a dozen central bank meetings, highlighted by the Federal Reserve, which is likely to take another step towards tapering.
Concerns about the health of China’s economy and Beijing’s crackdown on tech firms continues to haunt the region, with stocks in Hong Kong skidding more than 3% to their lowest in almost 11 months. Nasdaq futures eased 0.5% and S&P 500 futures fell 0.3%, with Wall Street ending last week on a soft note after disappointing US consumer confidence data.
He noted only two to three Federal Open Market Committee members would need to shift their “dot plot” forecasts for a hike in 2022 to make it the median, given seven of 18 had already tipped a move next year.
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