PBoC is expected to set USD/CNY mid-point at 6.8112 (prev. 6.8648)
The People's Bank of China (PBoC) setting the USD/CNY mid-point significantly lower suggests a more aggressive stance to combat depreciation pressures on the yuan.
US VP Vance is to travel to Pakistan on Tuesday for Iran talks, according to sources cited by Axios
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Keppel REIT (KREIT SP) Q1 (SGD) net property income 59.9mln (prev. 54.6mln Y/Y), property income 78.6mln (prev. 68.7mln Y/Y)
PBoC is expected to set USD/CNY mid-point at 6.8112 (prev. 6.8648)
Japan and UK Foreign Ministers met in Tokyo on Monday, according to NHK
[MARKET UPDATE] Asia-Pac stocks are higher with sentiment supported as the latest geopolitical headlines provide some optimism that the US and Iran will come to the negotiation table and conduct second-round peace talks in Islamabad in next couple of days
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This shift may impact market perceptions of China's economic outlook and could influence cross-asset flows, especially in FX and commodities, as traders recalibrate expectations around monetary policy and economic growth dynamics in the region.
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