Asia-Pacific Markets Look to Extend Gains Ahead of Key Economic Data Releases as Investors Eye Potential Fed Rate Cut in 2024
• Asia-Pacific markets set to extend Tuesday's gains ahead of Japan's quarterly Tankan economic survey and the U.S. Federal Reserve's interest rate decision
• Japan's Nikkei 225 and Australia's S&P/ASX 200 indexes poised to rise at the open; Hong Kong's Hang Seng likely to open lower
• U.S. inflation rose 3.1% year-over-year in November, in line with expectations; Nasdaq and Dow hit highest levels since April and January 2022
• CNBC survey Respondents expect Fed to begin interest rate cuts in mid-2024 amid more optimism about a soft landing
• U.S. oil prices dropped over 3% on worries inflation remains high and the Fed will have to maintain interest rate hikes