Bracing for Chinese data deluge

From Yahoo Finance: 2024-06-16 17:47:58

– Chinese ‘data dump’ on Monday will provide insight into struggling economy.
– China’s central bank expected to keep policy rate unchanged amid challenges.
– Global markets optimistic about U.S. ‘soft landing’ and tech sector performance.
– U.S. disinflation broadening, leading to lower Treasury yields.
– Potential for dovish Fed stance could benefit Asian and emerging markets.
– Dollar strength may counteract falling U.S. yields, impacting Asian markets.

– Bank of Japan cautious stance could support Japanese stocks.
– Chinese stocks under pressure as yuan falls and stocks hit two-month low.
– Chinese regulator tightening restrictions on short-selling and share reductions.
– South Korea considering interest rate cuts as prices stabilize.
– Hyundai Motor India seeks approval for India’s largest IPO on Mumbai stock market.
– Key developments on Monday include China data, Japan machinery orders, and South Korea trade.



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