Asia-Pacific markets opened higher on Tuesday, tracking Wall Street gains buoyed by a Tesla rally, and as investors wait to watch key Chinese financial policymakers speak at an investment summit in Hong Kong.At a meeting earlier this month, members of Australia's central bank maintained that while there was no immediate need to adjust interest rates, it is important to remain"forward looking" and ready to adjust as economic conditions develop.
Li Yunze, the head of China's National Financial Regulatory Administration, will join Wu Qing, Chairman of the China Securities Regulatory Commission, and Zhu Hexin, Deputy Governor of the People's Bank of China, for a panel discussion on mainland China's financial developments, the HKMA summit's agenda revealed.rose following a rough week, as Tesla shares advanced and Wall Street looked ahead to some major market-moving earnings reports.
Jim Baird, chief investment officer at Plante Moran Financial Advisors, said recent signs of continued strength for the economy could lead to the Fed slowing its pace of cuts. Baird added that the effect of the election, such as the potential for higher tariffs under President-elect Donald Trump,"exacerbate" those questions about how much the Fed will cut.CNBC Pro: 'Top quality asset': Strategist names his top stock to buy in India right now