[MARKET UPDATE] Asia-Pac stocks rebounded from the prior day's sell-off as the region takes impetus from the positive handover from Wall St, where markets rallied after a strong ISM Manufacturing report
The positive sentiment in Asia-Pac stocks reflects a strong handover from Wall Street, underpinned by a robust ISM Manufacturing report.
Australian Private House Approvals MoM Prel (Dec) M/M 0.4% (Prev. 1.3%)
PBoC is expected to set USD/CNY mid-point at 6.9598 (prev. 6.9695)
[MARKET UPDATE] Asia-Pac stocks rebounded from the prior day's sell-off as the region takes impetus from the positive handover from Wall St, where markets rallied after a strong ISM Manufacturing report
Japanese Finance Minister Katayama continues to refrain from commenting on intervention data and said PM Takaichi talked about FX benefits as a general fact, and didn't specifically emphasise merits in a weak yen
Japanese Monetary Base YoY Y/Y -9.5% (Prev. -9.8%)
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This suggests that the manufacturing sector is gaining momentum, which could alleviate concerns over economic slowdown and supports the likelihood of sustained growth, impacting the regional markets positively.
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