Most Asian stocks trade mixed on Monday. Investors await the highly-anticipated Bank of Japan (BoJ) monetary policy meeting on Tuesday and the Federal
Asian stock equities trade mixed ahead of the key events from the US and Japan. The likelihood that the Bank of Japan might tweak its yield curve control policy weighs on Japanese equities. The Chinese NBS Manufacturing PMI is expected to grow to 50.4 from the previous reading of 50.2. Market players will closely monitor the BoJ and Fed policy meetings. Reserve interest rate decision on Wednesday. These events could trigger volatility across the financial markets.
Many analysts believe the central bank will raise its inflation forecast to 2.0%, but they are divided on whether it will ultimately abandon YCC. The Chinese NBS Purchasing Managers' Index will be due on Tuesday. The nation’s Manufacturing PMI is expected to grow to 50.4 from the previous reading of 50.2. The stronger economic data might alleviate the fear of an economic slowdown in the world's second-largest economy.
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