Morning Bid: Jittery markets now 50-50 on 50 bps cut from Fed
Investors in Asia are bracing for a wave of top-tier economic data releases on Thursday, as they continue to process this week's market turbulence sparked by worries that the sought-after U.S. economy's 'soft landing' could end in something far less benign.and world stocks slipped further on Wednesday and equity volatility rose again, although by smaller margins. This could give some solace to those looking for Asian markets to rebound on Thursday from their Wednesday slump.
Malaysia's central bank is expected to leave its key policy rate unchanged at 3.0% and keep it there until 2026. Another buoyant Asian currency is Japan's yen, as yen-funded carry trades are unwound and the currency fulfills its traditional role as a safe harbor for investors in stormy times. Headline annual CPI inflation in the Philippines, meanwhile, is expected to slow to 3.6% from 4.4%, essentially halve to 0.4% from 0.83% in Thailand, and cool to 2.27% from 2.52% in Taiwan. Disinflation all around.Scan QR code to install app
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