Asian stocks cautiously open as markets anticipate key US data amid recession concerns.
Asian stocks are cautiously opening this week as markets anticipate key US data prints following a volatile start to August. Traders are closely watching US consumer prices, producer prices, and retail sales data amid concerns over a US recession and global growth slowdown. US consumer price index is expected to increase by 0.2% from June, while China's retail sales and industrial production data will provide insights into the nation's economic health. Meanwhile, the dollar has risen against the yen, and gold and oil prices remain stable.
August 11, 2024
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