Asia-Pacific markets are in the red ahead of trade data coming out of China, as well as a rate decision by the Reserve Bank of Australia.
Asia-Pacific markets fell Tuesday ahead of trade data coming out of China, as well as a rate decision by the Reserve Bank of Australia.fell 1.66%, easing off Monday's gains when the index posted its best session since late March 2020 after the country re-imposed a ban on short selling.look set to drop, with futures at 17,867 compared with the index's last close of 17,966.59. China is expected to post its trade data for November.
The bank's economists added they do not expect any easing until the fourth quarter of 2024, with risks skewed towards further tightening in the near term.and ether were flat after their prices spiked over the weekend, with bitcoin again touching the $35,000 level while ether reached $1,900 for the first time since July – when the two were"Alts are playing catch up to bitcoin today," Ryan Rasmussen, analyst at Bitwise Asset Management, told CNBC.
The Saudis said Sunday that they will continue to slash 1 million barrels per day until the end of the year. The kingdom's daily production will stand at about 9 million barrels. The market is also bracing for the U.S. to potentially ratchet up sanctions Iran. The House of Representatives overwhelmingly passed legislation Friday to harden sanctions on Iranian oil exports in response to the Hamas terrorist attacks on Israel.
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