"Global Stocks Waver as Asian Markets Dip and Wall Street Retreats Amid Rate Cut Uncertainty"

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Source: Reuters
"Global Stocks Waver as Asian Markets Dip and Wall Street Retreats Amid Rate Cut Uncertainty"
Photo: Reuters
TL;DR Summary

Asian markets are facing mixed signals as U.S. markets show signs of caution, with a sell-off in stocks and bonds hinting at reduced optimism for a soft economic landing and disinflation. Despite this, Asian investors may find reasons to buy, such as the yen's decline and Warren Buffett's investment in Japanese shares. Key economic data from Asia is sparse this week, but Thailand's CPI and U.S. payrolls report could influence market expectations. The Fed is expected to hold rates in January, with a potential rate cut in March. U.S. markets saw a decline in the S&P 500 and Nasdaq, while the Dow made marginal gains. U.S. Treasury yields rose as rate cut expectations for 2024 diminished.

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