Asian Markets Cautious Ahead of Key China Data Release, Putin's Visit, and Oil Price Surge
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Asian markets likely to open cautiously this week amid Wall Street decline, oil surge, and Middle East tensions.
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Key China economic data for September and Q3 GDP to be released on Wednesday. GDP growth expected to rebound quarterly but slow year-over-year.
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Russian President Putin to visit China and meet Xi Jinping this week, his first trip outside former Soviet Union since March.
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Asian stocks rose last week, boosted by declining U.S. bond yields, while oil prices surged nearly 6% on Friday.
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Dollar continued strengthening last week, notching 12th gain in past 13 weeks.