Asia markets set to trade lower; China says it will end quarantine for inbound travelers
for the month was 1.35, slightly missing estimates from analysts polled by Reuters. China is scheduled to release its industrial profit data for November later in the day.while posting a weekly loss as recession fears continued to batter investor sentiment. The core personal consumption expenditures price index for November came in at 4.7%, slightly hotter than expectations on an annualized basis.The Dow Jones Industrial Average closed 176 points higher, or 0.5%, to 33,203.93.
Core PCE climbed 4.7% in November from the year-earlier period, while economists polled by Dow Jones expected a gain of 4.6%. Month over month, the index advanced 0.2%, matching expectations.
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