SYDNEY : Asian shares slipped on Monday ahead of a week thronging with central bank meetings and U.S. inflation data, while the euro eked out a gain on relief the far right did not win the first round of the French presidential elections.
The mood in equity markets was cautious, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 0.1per cent. Japan's Nikkei dropped 0.6per cent, having shed 2.6per cent last week. Markets have raced to price in the risk of ever-larger rate hikes from the Federal Reserve with futures implying rises of 50 basis points at both the May and June meetings.
All of which underlines the importance of the March U.S. consumer price report on Tuesday where the median forecast is for a stratospheric rise of 1.2per cent, taking annual inflation to an eye-watering 8.5per cent. Continuing the tightening theme, central banks in Canada and New Zealand could well raise rates by 50 basis points at their policy meetings this week. [CA/INT] [NZ/INT]
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Source: straits_times - 🏆 5. / 69 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »