Asian markets optimistic due to U.S. soft landing prospects; China factory activity stalls.
Asian markets are optimistic as U.S. economic data suggests a potential "soft landing," bolstered by easing financial conditions. Recent trends include a weakening dollar and declining bond yields, enhancing risk appetite. However, China's factory activity is stalling, with a composite PMI at 50.1, indicating minimal growth. Traders are focused on upcoming manufacturing data from Asia and the strong yuan against the dollar, amidst generally favorable emerging market conditions.
September 01, 2024
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