Hong Kong — Asian shares traded cautiously and bonds nursed small losses on Tuesday as investors braced for an eventful week that includes central bank meetings, a slew of earnings reports and US economic data.
“It’s a big week for both central banks and US equities, with some of the household names due to make earnings announcements that will provide a micro overview of the macro economy,” ANZ analysts said in a note. On Monday, US stocks lost ground with the major indices sinking, weighed down by declines in technology and other giant corporations’ shares.
At the end of the Fed’s two-day policy meeting on Wednesday investors will be glued to chair Jerome Powell’s news conference for clues on whether the rate-hiking cycle may be coming to a close, and for signs of how long rates could stay elevated.
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Asian shares inch down amid looming rates hikes and earningsThe performance by tech giants will test the mettle of Wall Street bulls, who aim to propel the Nasdaq to its best January since 2001
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