From Financial Modeling Prep: 2024-12-16 10:52:21

Asian stocks fell on Monday due to concerns over weak consumer spending in China and anticipation of the upcoming U.S. Federal Reserve rate decision. Chinese industrial production met expectations, but retail sales fell below forecasts, highlighting challenges in boosting domestic demand. This raises doubts about China’s economic recovery and the effectiveness of recent stimulus measures. Global markets are cautious ahead of the Fed meeting, with Asian indices dropping in response.



Read more at Financial Modeling Prep:: Asia Markets Slump as Weak Chinese Retail Data Highlights Growth Challenges