"US Shutdown Relief and Mixed China PMIs: A Market Comparison"
Asian markets may receive a boost after the US Congress reached a last-minute deal to prevent a partial federal government shutdown, but mixed Chinese purchasing managers index (PMI) data could dampen sentiment. The fourth quarter begins with investors hoping for a positive start after a challenging third quarter. China's markets will be closed for the Golden Week holiday, providing a break from the country's economic struggles. Central bank policy decisions from Australia, India, and New Zealand, as well as inflation data from various Asian countries, will be closely watched. The Reserve Bank of Australia, Reserve Bank of New Zealand, and Reserve Bank of India are expected to keep their key interest rates unchanged.