Marketmind: Aussie rate decision, Asian markets on a roll

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Marketmind: Aussie rate decision, Asian markets on a roll
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A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Australia's central bank grabs the Asia-Pacific spotlight on Tuesday, its latest interest rate decision topping a bulging regional economic calendar, as the return of U.S. markets after the Labor Day holiday really k

Australia's central bank grabs the Asia-Pacific spotlight on Tuesday, its latest interest rate decision topping a bulging regional economic calendar, as the return of U.S. markets after the Labor Day holiday really kicks September trading into gear.

Money market traders are less convinced - current pricing indicates no more than a 50-50 probability of another hike this year, suggesting the RBA's 400-basis point hiking cycle started in May last year is over. A large part of the mini revival across Asia is down to the rebound in China as investors have given a cautious thumbs up to Beijing's efforts to support the creaking property sector, markets and wider economy.

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