Asian Stock Markets: Rise ahead of Fed, ECB and BoJ; China lags despite hopes for more stimulus – by hareshmenghani Asia Equities Nikkei China CentralBanks
he back of strong quarterly earnings by major automotive manufacturers. Broader Japanese shares were also supported by expectations that the Bank of Japan will stick to its ultra-dovish stance at the end of a two-day policy meeting laterChinese stocks, meanwhile, lagged their peers as concerns over a debt crunch in the real estate sector trigger a fresh wave of selling against the backdrop of worries about slowing economic growth in the country.
Hence, the focus will be on the accompanying policy statement and Fed Chair Jerome Powell's remarks at the post-meeting press conference, This will be followed by the European Central Bank meeting on Thursday and the latest policy update by the If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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