Posted 11/28/2023, 7:08:55 AM
Asian Markets Cautious Ahead of US Data; Shopify Sales Hit Record Over Black Friday
- Asian shares were mixed ahead of US data on consumer confidence and prices, which could provide insights into inflation and economic outlook
- Investors are cautiously optimistic that inflation has cooled enough for the Fed to stop raising interest rates
- Signs of US economic slowing and uncertain conditions in China are weighing on market sentiment
- Shopify reported record $4.1 billion in merchant sales globally over Black Friday weekend
- Main focus is on the Fed and if/when it will start cutting interest rates from highest levels in decades