US EditionAsian Markets Waver to Start Key Week for Trade, US Data
CHINA, AUG 10 – Markets await US inflation data and Chinese retail figures amid uncertainty over extending the US-China tariff truce, with Asian lithium stocks rising on production cuts, analysts said.
- On Monday, Asia-Pacific markets were set to open mixed as traders awaited news on whether the Aug. 12 deadline for the U.S.-China tariff truce would be extended.
- Geopolitical tensions and the US consumer prices report due Tuesday underpin the cautious market mood, with expectations of a tariff extension and key summit on Friday.
- Major share indexes in Asia crept higher on Monday as upbeat earnings supported high valuations, while the Australian dollar eased to $0.6516 ahead of a widely expected rate cut.
- Investors showed bullishness on tariff truce extension, with Chris Weston saying, `The market has fully subscribed to the high probability of the tariff truce being rolled over for another 90 days`.
- The Chinese retail sales and industrial production data due later this week will be parsed after consumer and producer price data at the weekend, said Bruce Kasman.
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(Seoul = Yonhap News) Reporter Lee Min-young = KOSPI fell from the 3,200 level on the 11th as concerns grew over the US consumer price index and the expiration of the US-China 'tariff truce'...
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Asian markets waver to start key week for trade, US data
Asian markets mostly rose Monday as investors eyed a week dominated by speculation about US inflation data and a prolonged pause for Washington's tariffs on China.
Asian Markets Rise Amid Tech Earnings and U.S. Inflation Watch
Asian Markets Rise Amid Tech Earnings and U.S. Inflation Watch Asian share indexes saw a modest rise on Monday, buoyed by strong company earnings in the tech sector. This positive momentum comes ahead of the release of a critical U.S. inflation report, which is expected to dictate the future of the dollar and bond markets.In geopolitics, anticipation is high as a U.S. tariff deadline on China looms with expectations of another extension. Meanwhi…
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