Asia-Pacific Markets Trade Mixed Ahead of Big Week in the U.S.
The organization's emergency committee was unable to reach a consensus, but WHO chief Tedros Adhanom Ghebreyesus made the decision to issue the highest alert, though he said it is unlikely to disrupt global trade or travel at the moment.
Later this week, all eyes will be on the Fed rate decision and the release of second quarter gross domestic product data in the U.S.CME Group's FedWatch Tool"With the focus on the US FOMC meeting, Asian assets will likely trade mixed in the early part of the week with stagflation risks staying top-of-mind," Venkateswaran Lavanya, an economist at Mizuho Bank, wrote in a note Monday.
Within the Asia-Pacific region, advance estimates for South Korea's GDP will be out Tuesday and Australia reports inflation data Wednesday.
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