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Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. Asia-Pacific markets fell on Monday, as news emerged that U.S. President Joe Biden had dropped out of the presidential race, endorsing Vice President Kamala Harris as the Democratic nominee. On Monday, focus will be on the People's Bank of China's loan prime rate decision, with the one-year and five-year loan prime rate expected to be unchanged at 3.45% and 3.95% respectively, according to economists polled by Reuters. This week, investors will be looking out for GDP data from South Korea and the U.S., as well as factory activity data from around the region. Other economic data this week include inflation numbers from the U.S. and Singapore on Friday and Tuesday, respectively.
Persons: Joe Biden, Kamala Harris, LPR Organizations: Tokyo Cityscape, Democratic, Microsoft, People's Bank, Reuters Locations: Tokyo, Tokyo city, Japan, Asia, Pacific, South Korea, U.S, Singapore
Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. Asia-Pacific markets are set to open mixed on Wednesday as investors look ahead to key economic data across the region. Japan's Nikkei 225 fell 0.7% as investors further digested the nation's producer price index that rose 1.6% on an annualized basis. Economists expect it to come in at 3.5% in the fourth quarter on an annualized basis , according to a Reuters poll. In New Zealand, the S&P/NZX 50 Index fell 0.64%, ahead of the central bank's interest rate hike decision.
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