Asia markets fall ahead of Australia rate decision; inflation, business activity data expected

Asia-Pacific markets fell ahead of Australia's central bank's rate decision, as well as inflation and business activity readings from across the region, while Singapore appoints Chia Der Jiun as the next managing director of the Monetary Authority of Singapore starting on January 1.

cnbc.com

Relevant topic timeline:

8/18/2023

Asia markets fall as investors assess Japan inflation, Evergrande filing; Adani shares surge

Asia-Pacific markets fell on Friday as Japan's core inflation rate dropped to 3.1% and Chinese real estate giant Evergrande filed for bankruptcy protection in a U.S. court.

8/25/2023

Japan's Nikkei tumbles 2% as Asia markets fall ahead of Powell's Jackson Hole speech

Asia-Pacific markets fell ahead of the Jackson Hole meeting as investors anticipated signals on U.S. monetary policy, with Japan's Nikkei 225 leading losses, while Meituan shares dipped after a weaker Q3 outlook.

9/18/2023

Asia Markets Slip Ahead of Key Central Bank Meetings; UMich Sentiment Drops on Inflation Worries

Asia-Pacific markets slipped as investors await central bank decisions, including the U.S. Federal Reserve's announcement on Thursday and the Bank of Japan's meeting on Friday, while Australia's central bank will release its policy meeting minutes on Tuesday and China's central bank is set to release loan prime rate decisions on Friday.

9/19/2023

Asia Stocks Down, US Steady as Traders Await Central Bank Rate Decisions

Asia-Pacific markets fell as traders awaited the Reserve Bank of Australia's policy meeting minutes, while European markets were weighed down by a spike in corporate lending rates; meanwhile, Goldman Sachs predicts that the Fed is done hiking this year and the recent increase in oil prices could benefit London's prime office real estate market.

9/21/2023

Asia Shares Fall as Fed Signals Higher Rates; New Zealand Economy Grows

Asia-Pacific markets fell after the U.S. Federal Reserve projected a rate hike, while New Zealand's GDP exceeded expectations, Hybe shares slid despite BTS contract renewals, and analysts identified Chinese internet stocks with potential. Also, the Fed left rates unchanged but expects one more hike this year, Cathie Wood praised an AI company, analysts favored small-cap stocks, and interest rate markets signaled a delay in future rate cuts.

9/22/2023

Asia Shares Slump as BOJ Holds Rates, Japan Inflation Slows Despite Rising Prices

Asia-Pacific markets fell as the Bank of Japan kept rates unchanged and noted a "moderate recovery" in the economy, while Japan's private sector activity expanded at its slowest pace since February and the country's August inflation rate remained above the BOJ's target for the 17th straight month.

Topics

Posted 9/5/2023, 12:23:00 AM