Asian Stocks Look Steady as China Concerns Mount: Markets Wrap

-- Asian stocks were poised for a steady open Tuesday, with investors holding their nerve as concerns mount over China’s economic woes.Dense Cities With Low Emissions Suffer Most From Air Pollution, Study Finds

The slowdown in China has highlighted the urgency of fresh government stimulus, while inventories of key raw materials from steel to soybeans are piling up in the nation’s warehouses — evidence that economic activity remains too feeble to clear surpluses. Traders are pricing the US easing cycle will begin this month, with a roughly one-in-four chance of a 50 basis-point cut, according to data compiled by Bloomberg. The equity market rally could stall even if the Fed initiates a rate cut, JPMorgan Chase & Co. strategists cautioned, as any policy easing would be in response to slowing growth, while the seasonal trend for September would be another impediment, the team led by Mislav Matejka wrote in a note.

In commodities, oil fluctuated between small gains and losses on Monday as traders weigh a planned production increase from OPEC+ next month, economic headwinds in China and lower output in Libya.The euro was little changed at $1.1073How Rent Controls Are Deepening the Dutch Housing CrisisWhere Does Gray Television, Inc. Stand Among the Best Broadcasting Stocks to Buy?

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