Posted 11/5/2023, 9:46:29 PM
Asia Set for Upbeat Start to the Week on Soft Landing Hopes, Key China Data Ahead
- Asia poised for a positive start to the week after risk assets rallied last week on U.S. soft landing hopes.
- China data dump this week - trade, lending, money supply, inflation - will give steer on Q4 growth after GDP beat.
- RBA rate decision on Tuesday expected to break pause, with 25bps hike to 4.35% on stubborn inflation.
- Japanese earnings flood this week with banks in focus amid BOJ policy shift; Nikkei rally to continue?
- Asian stocks lagged last week so room to catch up as yields, dollar slid sharply on Friday.