A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
doesn't wilt, as investors brace for a triple whammy of major central bank policy decisions over the coming 72 hours.grabs the spotlight. Economists expect inflation to have slowed in June and over the second quarter, which could lean investors toward thinking interest rates have peaked at 4.10%.
surged 8% for their biggest rise this year too. Hong Kong's main property stocks index jumped 14%, the biggest rise since March last year. Fine words and sentiment, but as analysts at Investec note, no details on actual policies were forthcoming. This is what will determine China's recovery, so until more clarity emerges, investors' optimism may fade as quickly as it appeared.
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