Posted 11/27/2023, 2:50:52 AM
Asian Markets Decline Ahead of US Inflation Data That Could Shape Fed Rate Hike Plans
- Asian markets dipped as traders look ahead to key US inflation data that could guide Fed interest rate plans
- Focus is on Thursday's PCE price index release, which will be analyzed for inflation trends and policy implications
- After a quiet Wall Street session Friday due to Thanksgiving, Asia saw broad declines in Hong Kong, Shanghai, Tokyo, Sydney
- Analysts remain upbeat about year-end outlook, with some expecting December selling to set up for end-of-year rally
- Attention also on OPEC+ meeting delays and potential oil output cut extension to support crude prices recently hit by slower demand