SINGAPORE : Asian shares started tentatively on Monday as investors braced for central bank meetings from Europe, Japan and the United States this week, along with U.S. inflation data that will likely influence the Federal Reserve's monetary policy path. MSCI's broadest index of Asia-Pacific shares outsid
SINGAPORE : Asian shares started tentatively on Monday as investors braced for central bank meetings from Europe, Japan and the United States this week, along with U.S. inflation data that will likely influence the Federal Reserve's monetary policy path.
Last week, the Reserve Bank of Australia and Bank of Canada stunned markets by increasing interest rates to tame stubborn and sticky inflation, stoking worries that the Fed might follow suit and take a hawkish stance in its June meeting. "It's a close call between a 25 basis point hike or a 'skip' ... and will come down to CPI on Tuesday," Citi said in a note.
"We expect Lagarde to retain a hawkish stance on inflation arguing that more needs to be done on the inflation front," said Mohit Kumar, economist for Europe at Jefferies.
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