Japan’s Nikkei 225 index led gains in Asia-Pacific markets on Monday, with China shares also extending gains following strong economic data. The U.S. Federal Reserve is set to begin its Federal Open Market Committee meeting, with expectations that rates will be held steady.
The Reserve Bank of Australia is expected to keep the cash rate unchanged at 4.35%, while the Bank of Japan is anticipated to exit its negative interest rate policy and lift the benchmark rate to 0%. Meanwhile, the Bank of England is expected to maintain its rates at 5.25%.
In China, both retail sales and industrial production rose more than expected, indicating a strong economic recovery. However, the unemployment rate for cities was reported at 5.3% in February, reflecting ongoing challenges in the labor market.
Hong Kong’s Hang Seng index traded near the flatline after opening lower, as investors awaited further developments in the global economy. Overall, the outlook for the markets in the Asia-Pacific region remains positive, driven by a mix of strong economic data and central bank policies.
Stay tuned for updates as the week progresses, with key decisions from central banks and economic indicators expected to influence market movements in the coming days. For more financial news and updates, visit Jala News.
