A look at the day ahead in Asian markets from Jamie McGeever.Investors await a torrent of Asian economic data on Tuesday, including Indian GDP, with market sentiment appearing to brighten a little going into the last trading day of the month. As U.S. bond yields eased and there was a rare pause in
Investors await a torrent of Asian economic data on Tuesday, including Indian GDP, with market sentiment appearing to brighten a little going into the last trading day of the month.
Asian markets also held up better on Monday than many might have expected following Wall Street's slump on Friday and the heightened U.S.-China tensions over the weekend. The yuan even scored its biggest rise against the dollar in a month. The MSCI Asia ex-Japan index is down nearly 7 per cent in February - compare that to the MSCI World index, down almost 3 per cent, and the S&P 500, down around 2 per cent.
The consensus forecast is for annual growth of 4.6 per cent, which is expected to slow to 4.4 per cent in Q1 this year. Growth across 2023/24 is expected at 6.0 per cent, below the government's 6.5 per cent goal.
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