Asian Markets Search for Direction as Investors Hope for Bounce Back
• Asian markets lacking direction; bulls hope weaker dollar, lower yields, and softer oil can spur a bounce • Volatility across major assets like stocks, currencies, and bonds remains historically low • China has lagged global benchmarks, but Japan outperformed on weak yen and loose financing conditions • Aussie dollar rose on rate hike bets; RBA Governor Bullock speaks Tuesday and is seen as more hawkish • Australia retail sales data due Tuesday expected to show sharp slowdown in monthly growth