Asia-Pacific Markets Brace for Lower Open as Wall Street Rally Stalls
Tuesday, 20 August 2024, 16:57
Market Overview
Asia-Pacific markets are preparing for a lower open this week. Following the recent slowdown in Wall Street’s rally, traders are cautious as they anticipate critical economic data from Japan, particularly the latest trade figures.
Japanese Trade Data Insights
- Exports are predicted to show a significant 11.4% year-on-year increase, indicating growing demand.
- Imports are forecast to rise 14.9%, reflecting potential inflationary pressures.
The performance of these exports and imports could shape investor sentiment in Asia. Analysts are keeping a close watch on how these figures compare with expectations and how they might influence the broader economic outlook.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.