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☆ Japan shares hit three-decade high, yuan climbs
▼ + stars: | 2023-11-20 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. Financial shares led the gains on Monday as investors prepare for an eventual end to negative rates, while auto makers have been benefiting from a weak yen and high exports. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.1%, having climbed 2.8% last week to a two-month high. That outlook helped bonds rally, with 10-year Treasury yields at 4.45% having dropped 19 basis points last week and away from October's 5.02% high. Sweden's central bank meets this week and may hike again, given high inflation and the weakness of its currency.

Persons: Issei Kato, Goldman Sachs, Brent, Wayne Cole, Lincoln Organizations: REUTERS, Nikkei, Nvidia, Japan's Nikkei, Financial, Hamas, Nasdaq, Tech, Futures, U.S, Bank of Japan, European Central Bank, NAB, ECB, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Pacific, Israel, United States, Gaza, October's

☆ Asia off to slow start, lot of easing already priced in
▼ + stars: | 2023-11-20 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.1%, having climbed 2.8% last week to a two-month high. Japan's Nikkei (.N225) was little changed, and is up almost 9% for the month so far amid upbeat corporate earnings. A LOT PRICED INMarkets have all but priced out the risk of a further hike in December or next year, and imply a 30% chance of an easing starting in March. Futures also imply around 100 basis points of cuts for 2024, up from 77 basis points before the benign October inflation report shook markets. "If another soft print eventuates, expect pricing for ECB cuts to extend beyond the current 100bps of cuts being priced for 2024."

Persons: Issei Kato, Goldman Sachs, Brent nudged, Wayne Cole, Lincoln Organizations: REUTERS, Nikkei, Nvidia, Hamas, Japan's Nikkei, Nasdaq, Tech, Futures, U.S, European Central Bank, NAB, ECB, Thomson Locations: Tokyo, Japan, SYDNEY, Israel, United States, Gaza, Asia, Pacific, October's

☆ Take Five: Black Friday is (almost) here
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsNov 17 (Reuters) - U.S. retailers are gearing up for Black Friday, marking the start of the shopping season that follows the Thanksgiving holiday, while business activity data should gauge the temperature elsewhere. 1/ BARGAIN HUNTINGThe crucial holiday shopping season kicks off with Black Friday on Nov. 24 at a time when investors are questioning whether the consumer-driven U.S. economy can remain resilient. This year's Black Friday comes as Americans grapple with soaring interest rates and inflation that, while easing, remains above the Federal Reserve's 2% target. Already, data for October showed U.S. retail sales fell, pointing to slowing demand, although the decline was less than expected. As long as that's not the case, pressure is on the Kishida cabinet since a weak yen is unpopular politically.

Persons: Kamil Krzaczynski, Lewis Krauskopf, Kevin Buckland, Naomi Rovnick, Dhara Ranasinghe, Karin Strohecker, There's, PIMCO, Rishi Sunak, David Cameron, Jeremy Hunt, Hunt, bode, Sergio Massa, Javier Milei, Pragmatist Massa, Prinz Magtulis, Sumanta Sen, Kripa Jayaram, Pasit, Mark Potter Organizations: Walmart, REUTERS, Black, Nvidia, Insider Intelligence, European Commission, PMI, Fed, European Central Bank, Reuters Graphics Reuters, DOWNING STREET, Labour, gilts, Natwest, Reuters, Bank of Japan, Peronist, Thomson Locations: Chicago , Illinois, U.S, Argentina, Lewis, New York, Tokyo, London, Britain, Japan, Egypt, Taiwan, South Africa, India

☆ Dollar extends drop, still vulnerable after Fed
▼ + stars: | 2023-11-06 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

The dollar index was hovering around a 6-1/2 week low of 104.84, after falling around 1.4% last week. "You could still see a somewhat weaker dollar in the short-term, but if the (euro-dollar) rally continues it needs to get some fuel from somewhere." JPMorgan analysts say a sustained dollar sell-off would need signs of improvement in the euro zone, China and other regions, which it says are "still tenuous". The latest growth and inflation data from the euro zone and manufacturing surveys from China bear that out. Euro zone recession fears hardened on Monday after a survey showed a downturn in business activity accelerated last month as demand in the services sector weakened further.

Persons: Dado Ruvic, Tina Teng, Dane Cekov, Adrian Prettejohn, Jerome Powell, Nordea's Cekov, Sterling, bitcoin, Samuel Indyk, Rae Wee, Vidya, Kirsten Donovan, Mark Potter Organizations: REUTERS, U.S, Federal, Aussie, CMC Markets, JPMorgan, Economics, European Central Bank, Bank of Japan, Thomson Locations: Auckland, China, U.S

☆ Morning Bid: Rate cut prospects fuel stock rally
▼ + stars: | 2023-11-06 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Nov 6 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been an upbeat start to the week in Asia as markets cast aside concerns about rate hikes, and go straight to pricing in early cuts. Futures imply an 80% probability the ECB will begin easing as soon as April, and the first BoE rate cut is almost fully priced for August. An outlier here is the Reserve Bank of Australia (RBA) which might well resume hiking on Tuesday after four months of steady policy outcomes. But expectations were already so low that it's the dollar that has all the downside in the disappointment stakes.

Persons: Wayne Cole, It's, BoE, Ueda, Jerome Powell, Christine Lagarde, Huw Pill, Lisa Cook, Sam Holmes Organizations: Federal, ECB, Bank of Japan, Reserve Bank of Australia, Atlanta, EU, Bank of England, Federal Reserve, Thomson Locations: Wayne, Asia, South Korea, Europe

☆ Euro zone recession fears harden
▼ + stars: | 2023-11-06 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

LONDON, Nov 6 (Reuters) - The downturn in euro zone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of a recession in the 20-country currency union. The economy contracted 0.1% in the third quarter, official data has shown, and Monday's final Composite Purchasing Managers' Index (PMI) for October indicated the bloc entered the final quarter of 2023 on the back foot. Services activity in Germany, Europe's largest economy, slipped back into contraction in October amid persistent weakness in demand while in France it shrank again. In another bright spot, investor morale in the euro zone rose more than expected at the start of November, with expectations for the future at their rosiest since early this year, Sentix's index showed on Monday. Policymakers there, who have failed to get inflation to target, will likely take some cheer from easing price pressures shown in the PMI survey, as both the input and output prices indexes fell from their September readings.

Persons: Adrian Prettejohn, Jonathan Cable, Hugh Lawson, Toby Chopra Organizations: PMI, P Global, Capital Economics, European Central Bank, Thomson Locations: September's, COVID, Germany, Europe's, France, Spain

A man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, February 3, 2020. The regional economic and policy events calendar this week is jammed with top-tier releases which are sure to give local assets strong steers, especially from China. China's economic surprises index turned positive three weeks ago but despite stronger-than-expected third quarter GDP growth, that momentum has faded. This week's 'data dump' will give a clearer picture of how the economy started the fourth quarter. Indonesia's quarter-on-quarter growth rate is expected to more than halve to 1.71% from 3.86%, according to a Reuters poll, and annual growth is expected to essentially hold steady just above 5%.

Persons: Jason Lee, Jamie McGeever, Josie Kao Organizations: People's Bank of China, REUTERS, Reserve Bank, Reuters, Bank of Korea, Bank of Japan, Nikkei, Thomson Locations: Beijing, China, Asia, U.S, Thailand, Philippines, Taiwan, Hong Kong, Indonesia, Indonesian, Japan

☆ Stifel says the S&P 500 will keep climbing 'wall of worry' to hit 4,400, gives 10 stocks to play rally
▼ + stars: | 2023-11-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The S & P 500 can rise to 4,400 by the end of the year as near-term recession talk proves unfruitful, according to Stifel. "We see no imminent U.S. recession as the S & P 500 climbs the proverbial Wall of Worry," Bannister wrote to clients in a note. .SPX YTD mountain The S & P 500 this year The average market strategist expects the S & P 500 to finish 2023 at 4,358, according to a CNBC Pro survey. That's because there's too much fear in the market, with the S & P 500 at one point moving into correction territory. Avoiding a recessionary-level slowdown for the ISM PMI would imply upside for the S & P 500 over the next six months, he said.

Persons: Barry Bannister, Bannister, outperformance, —, Michael Bloom Organizations: CNBC, ISM, PMI, Federal Reserve Locations: Wednesday's

☆ China October factory surveys disappoint, weigh on Q4 momentum
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +4 min

The Caixin/S&P Global manufacturing PMI fell to 49.5 in October from 50.6 in September, marking the first contraction since July and missing analysts' forecasts of 50.8 by a large margin. A slowdown in Chinese manufacturing will also soften China's imports. Following the release of the gloomy data, China shares (.SSEC) eased 0.15%, while Hong Kong's Hang Seng Index (.HSI) fell 0.75%. PMI surveys track business conditions and offer the first monthly snapshot of China's economic performance. New export orders for Chinese manufactured goods have shrunk for four consecutive months amid a relatively sluggish global economic climate.

Persons: China's, Hong, HSI, Bruce Pang, Jones Lang Lasalle, Goldman Sachs, Ellen Zhang, Ryan Woo, Kim Coghill, Lincoln Organizations: P Global, PMI, Manufacturers, London Metal Exchange, Jones, Goldman, Thomson Locations: BEIJING, Japan, South Korea, China, Guangzhou

☆ Asia's factories squeezed as China's nascent recovery teeters
▼ + stars: | 2023-11-01 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

Purchasing managers' indexes (PMIs) for factory powerhouses China, Japan and South Korea showed activity shrinking while Vietnam and Malaysia also struggled with the broadening fallout from a Chinese slowdown. "Overall, manufacturers were not in high spirits in October," said Wang Zhe, an economist at Caixin Insight Group, on China's survey outcome. Japan's factory activity shrank for a fifth straight month in October, the final au Jibun Bank PMI showed. South Korea's factory activity fell for the 16th straight month while PMIs from Taiwan, Vietnam and Malaysia also showed continued declines in activity. The International Monetary Fund (IMF) has warned that China's weak recovery and the risk of a more protracted property crisis could further dent Asia's economic prospects.

Persons: Stringer, Wang Zhe, Leika Kihara, Sam Holmes Organizations: REUTERS, PMI, P Global, Caixin Insight, Jibun, Murata Manufacturing, Monetary Fund, IMF, Thomson Locations: Zouping, Shandong province, China, Japan, South Korea, TOKYO, Vietnam, Malaysia, PMIs, Taiwan, Asia

People walk in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. REUTERS/Androniki Christodoulou/ File photo Acquire Licensing RightsOct 31 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Will the BOJ spook markets on Halloween and the final trading day of the month by effectively tightening monetary policy further with another tweak to its 'yield curve control' policy? Inflation in Japan has finally taken off, and for the first time in decades, appears to be sticking well above 2%. Here are key developments that could provide more direction to markets on Tuesday:- Bank of Japan policy decision- China PMIs (October)- Japan unemployment, industrial production, retail sales (September)By Jamie McGeever;Our Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Jamie McGeever, Will, Government Bonds, China PMIs Organizations: REUTERS, Bank of, U.S . Federal, Bank of England, Nikkei, Japan, Government, PMI, Bank of Japan, Thomson, Reuters Locations: Japan, Tokyo, Hong Kong, Taiwan, China

☆ Oil dips as caution about data-heavy week offsets Mid-East war boost
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: +1 min

Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's manufacturing data later this week, offsetting support from geopolitical tensions in the Middle East. "Despite an escalation in the Hamas-Israel war, the ground invasion was widely expected," Teng said. "The weekend playout signals no further expansion into a wider regional war, which caused a retreat in oil prices." Last week, Brent and WTI marked their first weekly fall in three weeks as developments in the Middle East keep investors on edge and prices volatile. 2 oil consumer after Beijing launched a burst of supportive policy measures.

Persons: Tina Teng, Brent, WTI, Israel, stoking, Teng Organizations: Raffles, Brent, West Texas, Federal Reserve, Apple Inc, CMC Locations: Yantai, East China's Shandong province, Gaza, Hamas, Israel, China, Beijing

☆ Dollar eyes weekly gain as US economy stays robust
▼ + stars: | 2023-10-27 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. That added to bets the Federal Reserve is likely to keep monetary conditions restrictive for longer, driving the dollar broadly higher against a basket of currencies. The U.S. dollar index steadied at 106.57, having hit a three-week high of 106.89 in the previous session, and was on track for a weekly gain of about 0.4%. The European Central Bank (ECB) on Thursday left interest rates unchanged as expected, ending an unprecedented streak of 10 consecutive rate hikes. The yen last stood at 150.38 per dollar, languishing near the previous session's one-year trough of 150.78.

Persons: Dado Ruvic, Lint, PMIs, Julien Lafargue, Tony Sycamore, we've, we're, Rae Wee, Lincoln Organizations: REUTERS, Rights, Federal Reserve, U.S, European Central Bank, ECB, Barclays Private Bank, Analysts, IG, Treasury, Bank of Japan, Thomson Locations: Rights SINGAPORE, U.S, Asia, Gaza, Tokyo

☆ Dollar eyes weekly gain as U.S. economy stays robust
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +3 min

The dollar was headed for a weekly gain on Friday, aided by solid U.S. growth figures that bolstered the case for higher-for-longer interest rates, while the yen hovered on the weaker side of 150 per dollar ahead of a key policy meeting next week. That added to bets the Federal Reserve is likely to keep monetary conditions restrictive for longer, driving the dollar broadly higher against a basket of currencies. The U.S. dollar index steadied at 106.57, having hit a three-week high of 106.89 in the previous session, and was on track for a weekly gain of about 0.4%. Sterling edged 0.07% higher to $1.21355, though was not too far from a three-week low of $1.2070 hit on Thursday. The European Central Bank, or ECB, on Thursday left interest rates unchanged as expected, ending an unprecedented streak of 10 consecutive rate hikes.

Persons: Lint, PMIs, Julien Lafargue, Tony Sycamore, we've, we're Organizations: Federal Reserve, U.S, European Central Bank, ECB, Barclays Private Bank, Analysts, IG, Treasury, Bank of Japan Locations: U.S, Asia, Gaza, Tokyo

Euro zone business activity data took a surprise downturn this month, suggesting the bloc may slip into recession, creating a drag on the outlook for oil demand. Overall, the region's oil refineries have been consuming less crude than a year ago amid lacklustre economic growth, Euroilstock data has shown. Falling crude oil stockpiles in the U.S., the world's biggest oil consumer also supported prices. That went against eight analysts polled by Reuters who had estimated on average that crude inventories were up by about 200,000 barrels for the week. Gasoline inventories dropped by 4.2 million barrels, while distillate inventories fell by about 2.3 million barrels, the API data showed.

Persons: Nick Oxford, Israel, Vishnu Varathan, durably, Varathan, Stephanie Kelly, Muyu Xu, Tom Hogue Organizations: REUTERS, U.S, West Texas, Iran, Mizuho Bank, American Petroleum Institute, Reuters, Thomson Locations: Cushing , Oklahoma, Gaza, East, Israel, Palestinian, Saudi Arabia, China, U.S

☆ Morning Bid: Bitcoin is back, stocks wobble
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Treasuries remain in the headlines with yields on 10-year notes briefly hitting 5% on Monday before quickly declining. The Japanese currency was at 149.57 per dollar having touched the symbolic 150 level on Friday and on Monday. Meanwhile, bitcoin prices soared on the back of rising speculation about the possibility of a bitcoin exchange-traded fund. Reuters GraphicsReuters GraphicsKey developments that could influence markets on Tuesday:Economic events: Oct flash PMI for Germany, France, UK and Euro zone; UK August ILO unemployment rateEarnings: Barclays, Puma, Microsoft and Google-parent Alphabet.

Persons: Benoit Tessier, Ankur Banerjee, Treasuries, Sam Holmes Organizations: La Maison du, REUTERS, Ankur, Microsoft, Google, Barclays, ICE, Reuters Graphics Reuters, Puma, Thomson Locations: La, Paris, France, Israel, Europe, Asia, Pacific, Japan, Britain, United States, Germany

☆ Gold gains on softer U.S. bond yields, Mideast uncertainty
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: +1 min

Gold prices rebounded on Tuesday as benchmark U.S. Treasury yields pulled back, while investors awaited economic data for guidance on interest rates and monitored growing tensions in the Middle East. Spot gold was up 0.2% at $1,976.99 per ounce by 0349 GMT, while U.S. gold futures was steady at $1,988.10. "The importance of geopolitics and gold is really highlighted very clearly by how strong gold has been despite stronger bond yields," said Ilya Spivak, head of global macro at Tastylive. "Once markets digest geopolitics, yields would become more of a meaningful factor," he added. Spot silver was up 0.7% to $23.15 an ounce, platinum fell 0.1% to $895.66 and palladium firmed 1.1% to $1,129.79.

Persons: Ilya Spivak, Israel, Spivak Organizations: Treasury, Gaza, U.S

In the United States, the manufacturing sector pulled out of a five-month contraction on a pickup in new orders, and services activity accelerated modestly amid signs of easing inflationary pressures. HEADACHE FOR THE ECBIn the euro zone, business activity drooped as demand fell in a broad-based downturn across the region, causing the bloc to enter the fourth quarter on the wrong foot and suggesting it may slip into recession. "The flash PMIs mark a poor start to October for the euro zone, especially after showing some early signs of recovery in September," said Rory Fennessy at Oxford Economics. Suggesting a recession is well underway in Germany, Europe's largest economy, business activity contracted there for a fourth straight month as the downturn in manufacturing was matched by a renewed decline in services, its PMI showed. In France, the euro zone's second-largest economy, business activity remained in contraction territory in October, PMI data showed, improving just slightly from September's near three-year low.

Persons: Rebecca Cook, Chris Williamson, Christine Lagarde's, Rory Fennessy, Williamson, Ajay Banga, Dan Burns, Jonathan Cable, Lindsay Dunsmuir, Andrea Ricci Organizations: Ford Rouge Electric Vehicle, REUTERS, P Global, Composite, Federal, Commerce Department, Reuters, P, P Global Market Intelligence, P Global PMI, September's, European Central Bank, Oxford Economics, PMI, European Union, Bank of, Palestinian, Hamas, Thomson Locations: Dearborn , Michigan, U.S, United States, joblessness, Germany, Europe's, France, September's, Britain, Gaza, Ukraine

☆ Gold slips from 5-mth peak as investors look to U.S. economic data
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold prices retreated from last session's five-month peak on Monday as the U.S. dollar and Treasury yields strengthened ahead of crucial economic data this week, with investors looking for any signs of a global fallout of the Middle East conflict. Spot gold was down 0.4% at $1,972.39 per ounce by 0334 GMT, and U.S. gold futures slid 0.5% to $1,983.50. COMEX gold speculators switched to net long position of 41,867 contracts in the week to Oct. 17, adding 56,655, data showed on Friday. Elsewhere, spot silver fell 0.5% to $23.23 an ounce, platinum slipped 0.6% to $889.48 and palladium was down 0.1% to $1,096.15.

Persons: Yeap Jun Rong Organizations: Aurum, U.S ., Treasury, U.S, Trust Locations: Israel

REUTERS/Issei Kato Acquire Licensing RightsOct 24 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. September's PMIs showed that manufacturing activity in Japan and Australia shrank and services sector activity grew, although growth in Japan was the slowest this year. The big picture, however, is still dominated by the ebb and flow of the U.S. Treasuries market. And while a broad easing of financial conditions on Monday - lower Treasury yields and a weaker dollar - should support emerging market assets, Wall Street's late downward drift will warrant caution. The MSCI Asia ex-Japan and MSCI global emerging market indexes are both down around 13% over the past three months and on Monday both hit their lowest level since Nov. 11 last year.

Persons: Issei Kato, Jamie McGeever, bode, Michele Bullock, September's PMIs, Wall, Goldman Sachs, outflows, Goldman, Josie Kao Organizations: REUTERS, Reserve Bank of Australia, Nasdaq, Bank of Japan, PMI, Thomson, Reuters Locations: Tokyo, Japan, U.S, Korean, Australia, Asia, China, South Korea

☆ S&P 500 earnings estimates for 2024 are overly optimistic, JPMorgan's quant guru says
▼ + stars: | 2023-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementThe stock market is poised to disappoint investors over the coming months and into next year because S&P 500 earnings growth estimates are too optimistic, according to JPMorgan's quant guru Marko Kolanovic. Wall Street consensus expects S&P 500 earnings per share to deliver 4% year-over-year growth in the third-quarter, according to the note. Kolanovic doesn't expect much to change in 2024, arguing that Wall Street analysts are still too optimistic about the potential for earnings growth. Consensus estimates suggests that the S&P 500 will grow its earnings per share by 12% next year. Kolanovic is sticking by his year-end S&P 500 price target of 4,200, pointing to potential downside of 4% from current levels.

Persons: JPMorgan's, Marko Kolanovic, Kolanovic, — Organizations: Service, PMI, Federal Reserve

☆ Euro zone factory activity stuck in steep downturn in Sept - PMI
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

A steel worker of ThyssenKrupp walks in front of a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, November 14, 2022. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsLONDON, Oct 2 (Reuters) - Euro zone manufacturing activity remained mired in a deep and broad-based downturn last month, according to a survey which showed on Monday that demand kept shrinking at a pace rarely surpassed since the data was first collected in 1997. HCOB's final euro zone manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, dipped to 43.4 in September from August's 43.5, matching a preliminary estimate. An index measuring output, which feeds into a composite PMI due on Wednesday and seen as a good gauge of economic health, fell to 43.1 from 43.4. The new orders index did rise last month, to 39.2 from August's 39.0, but it remained firmly below the breakeven mark.

Persons: Wolfgang Rattay, Cyrus de la Rubia, Jonathan Cable, Hugh Lawson Organizations: REUTERS, P, PMI, Hamburg Commercial Bank, European Central Bank, Thomson Locations: Duisburg, Germany, August's, Hamburg, France, Spain, Italy

Oct 3 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Investors in Asia are also awaiting the Reserve Bank of Australia's latest policy decision and guidance on Tuesday. But it is the relentless rise in U.S. Treasury yields and the dollar that will set the tone across the region. But the yen continues to slide, suggesting it is still being driven by U.S. yields and the dollar side of the equation. All but two of 32 economists in a Sept. 27-28 poll expected the RBA to hold its official cash rate steady.

Persons: Jamie McGeever, Deepa Babington Organizations: Treasury, Investors, Reserve Bank, Australia's, Bank of Japan, Aussie, ., Reserve Bank of Australia, PMI, Thomson, Reuters Locations: Asia, U.S, Japan, Tokyo, Australia, PMIs, South Korea

Oct 2 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But Chinese purchasing managers index data over the weekend, which pointed to mixed levels of services and manufacturing activity last month, may put a dampener on that. Investors will be looking to start the fourth quarter on a positive note after a pretty awful third quarter. Monday's batch of PMI reports include the latest snapshots from Australia, Japan and Indonesia, while Japan's closely watched 'tankan' survey of business sentiment and activity will also be released. Meanwhile, the Reserve Bank of Australia, Reserve Bank of New Zealand and Reserve Bank of India are all expected to keep their key interest rates on hold at 4.10%, 5.5% and 6.5%, respectively.

Persons: Jamie McGeever, Japan's, Richard Chang Organizations: U.S . Congress, PMI, Golden, Monetary, Reserve Bank of Australia, Reserve Bank of New, Reserve Bank of, Bank of Japan, Thomson, Reuters Locations: Beijing, Australia, Japan, Indonesia, India, New Zealand, South Korea, Philippines, Thailand, Taiwan, Reserve Bank of New Zealand, Reserve Bank of India

☆ Asian shares slip after brutal central bank week, yen in focus
▼ + stars: | 2023-09-25 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March 22, 2023. S&P 500 futures , however, rose 0.3% while Nasdaq futures gained 0.4%, after Hollywood's writers union reached a preliminary labor agreement with major studios. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.5%, edging back to a 10-month low plumbed just last week. U.S. central bank officials will be out in force this week, starting with Minneapolis Fed President Neel Kashkari on Monday. Brent crude futures rose 0.6% to $93.79 per barrel.

Persons: Issei Kato, Kazuo Ueda, HSI, Louis Kuijs, Neel Kashkari, Andrew Lilley, Stella Qiu, Himani Sarkar, Jacqueline Wong Organizations: REUTERS, Bank of Japan, Nasdaq, Japan's Nikkei, Hengda, Estate Group Co, U.S, Minneapolis, European Central Bank, Brent, . West Texas, Thomson Locations: Tokyo, Japan, Europe SYDNEY, China, U.S, Europe, Asia, Pacific, firming, U.S . Federal

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