The focus in Asia is on the Bank of Japan's policy announcement. Investors await clues on potential intervention in the currency market. The Bank of Japan's monetary policy decision and press conference on Friday will be pivotal [41f9d9ab]. The Bank of Japan is expected to leave rates unchanged after a previous rate hike failed to strengthen the Yen [c71048d2].
Additionally, earnings reports from U.S. mega-tech companies could influence sentiment and trading dynamics across the Asian market. Investors will be closely monitoring these reports for insights into the health of the tech sector and potential impacts on market sentiment [41f9d9ab].
Private sector PMIs from the US, UK, Euro Area, Japan, and Australia are also key events that could impact the financial markets. These PMI reports will provide insights into the respective central bank rate paths and could influence investor sentiment and trading dynamics [6db22376].
In the United States, the upcoming release of the US PCE data on Friday is crucial for equity investors. The US PCE data provides insights into inflationary pressures and may impact market expectations and investor sentiment. Any unexpected changes in the data could have significant implications for monetary policy and market sentiment [2b6edb2a].
Furthermore, concerns arise regarding the US Q1 GDP growth of 1.6%, which was a huge miss. Investors are questioning if the worst-case scenario has not been priced in and if a hotter revision occurs. The advance read on Q1 GDP indicates that the US economy is still resilient, with signs of consumption moderating slightly and underlying price growth firming [41f9d9ab].
Overall, the Bank of Japan's policy announcement, U.S. earnings reports, private sector PMIs, US PCE data, and US Q1 GDP growth are key factors impacting Asian markets. Investors will be closely monitoring these events for insights into monetary policy, market sentiment, and the health of the global economy [41f9d9ab] [2b6edb2a] [6db22376].