Asian stocks struggle due to turmoil in South Korea and China disinflation, with global uncertainty rising.

From Investing.com: 2024-12-08 23:45:38

Asian shares struggled on Monday, with South Korea sliding ahead of central bank meetings and U.S. inflation data. Chinese CPI fell 0.6% in November, prompting calls for more policy stimulus. Political turmoil in France, South Korea, and Syria added to global uncertainty. U.S. November payrolls showed recovery, supporting a possible rate cut. (50 words)

Beijing’s Central Economic Work Conference this week may outline China’s economic direction for 2025. U.S. consumer price report due Wednesday is expected to show core inflation at 3.3% for November, supporting further easing. JPMorgan predicts global growth, with policy rates in Canada, Euro area, and Sweden dropping over the next year. (50 words)

Markets expect an 85% chance of a quarter-point Fed rate cut next week, with three more cuts priced in for next year. Nasdaq gained over $1 trillion in value last week. Asian shares outside Japan eased 0.2%, with South Korea down 1.4%. Dollar rose against won. Swiss National Bank may cut rates. (50 words)

ECB expected to cut by 25 basis points, with a chance of 50. Swiss National Bank may also cut rates. Canada’s central bank likely to ease by half a point. RBA meeting expected to stand pat. Brazil may hike rates. Currency markets stable. Geopolitical uncertainty boosts gold. Oil prices up. (50 words)



Read more at Investing.com: Asia stocks slugged by South Korea turmoil, China disinflation By Reuters