The highlights for Asian markets this week include a slew of Japanese data and third quarter economic growth data from India.
The Thanksgiving Day holiday in the U.S. on Thursday could lead to subdued trading in markets and analysts expect investors globally to focus on durable goods and house price data released early in the week for insight on when the Federal Reserve may start to scale back its monetary stimulus.
“The real big question at the moment is what happens with monetary policy and watching the Fed is still the key thing for markets at the moment,” Paul Bloxham, chief economist for Australia and New Zealand at HSBC, told CNBC Asia’s “Squawk Box.” “The economic data is looking better and that means the Fed is probably going to start tapering sometime in the first quarter of next year.”
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015