Posted 10/31/2023, 3:10:00 AM
Asian Stocks Mixed as Investors Await Key Economic Data, Fed Decision
- Asian shares mostly lower Wednesday as investors await economic data like U.S. consumer confidence and jobs reports.
- Eyes also on U.S. Federal Reserve interest rate decision and Bank of Japan policy meeting.
- U.S. stocks rose Tuesday, recovering some recent losses. Tech shares jumped as Western Digital beat estimates.
- Treasury yields remain high, sparking concerns about borrowing costs. 10-year yield near 4.9%.
- This week sees many economic reports that could swing markets, including employment costs, job openings and October jobs report.