Asian markets mixed as traders assess latest rally, eye data and earnings
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Asian markets were mixed on Monday as traders assessed the latest rally and looked ahead to key US data releases and the upcoming corporate earnings season. The Federal Reserve's preferred gauge of inflation, the personal consumption expenditures (PCE) index, is due to be released. Some investors are concerned that recent indicators and comments from decision-makers have put the central bank's plan to cut interest rates three times this year in doubt. Tokyo led the Asian markets higher thanks to a weaker yen. Hong Kong, Shanghai, Seoul, Jakarta, and Wellington were down, while Sydney, Singapore, Taipei, and Manila rose. The recent rally across markets has been partly based on expectations for future profits, so the upcoming earnings releases could have a major impact on sentiment. Market v...
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