Asia markets rise as Fed meeting looms; Japan and China economic data in focus

Asia-Pacific markets climbed Monday as traders look toward the Federal Reserve's meeting this week, following another hotter-than-expected U.S. inflation reading Friday., excluding food and energy, rose 2.8% from a year ago, and came in ahead of the 2.7% expected by Dow Jones. Personal spending rose 0.8%, ahead of a 0.7% estimate.

In Asia, China's official purchasing managers index for April is expected Tuesday ahead of the Labor Day holiday on Wednesday, along with Japan's industrial production and retail sales data from March. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyTrump VP contender Kristi Noem stands by killing her dog Cricket amid bipartisan ridiculeOil prices rose on Friday to snap a two week losing streak, drawing support from concerns about tensions in the Middle East.crude futures rose 49 cents, or 0.55%, to settle at $89.50 a barrel. U.S. crude oil rose 0.85% for the week while the global benchmark gained 2.53%.

Source: Financial Digest (financialdigest.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia markets climb as China factory activity assessed; Japan business optimism falls slightlyChina released its official PMI figures over the weekend, while Japan is set to release its Tankan survey, which gauges business sentiment in the country.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Asia markets set to rise as China factory activity assessed; Japan business sentiment on deckChina released its official PMI figures over the weekend, while Japan is set to release its Tankan survey, which gauges business sentiment in the country.
Source: nbcsandiego - 🏆 524. / 51 Read more »

China, Japan coast guards patrol disputed East China Sea watersChina, Japan coast guards patrol disputed East China Sea waters
Source: Investingcom - 🏆 450. / 53 Read more »

Asia markets mostly higher ahead of Bank of Japan decision; Tokyo inflation falls more than expectedThe BOJ is expected to hold its benchmark policy rate at 0%-0.1%, but investors will look if the bank addresses the weakening yen.
Source: NBCLA - 🏆 319. / 59 Read more »

Asia markets trade lower tracking Wall Street's losses; Japan inflation numbers watchedJapan’s headline inflation for March moderated to 2.7%, down from 2.8% seen in February. Core inflation stood at 2.6%.
Source: nbcchicago - 🏆 545. / 51 Read more »

Asia markets set to trade lower tracking Wall Street's losses; Japan inflation numbers watchedJapan’s core inflation for March is expected to come in at 2.6%, moderating from February’s figure of 2.8%.
Source: NBCDFW - 🏆 288. / 63 Read more »