Last week's hopes of a US debt ceiling agreement boosted some Asian stocks, but this week's renewed default fears are dominating and causing some Asian stocks to trade lower.
On Wednesday, the Nikkei 225 index rose to a 33-year high. Could strong Japanese GDP data, foreign investors, and the US debt ceiling be the reasons why?
This week, a plethora of financial events ranging from the Fed’s and ECB’s meetings to inflation data and earnings reports are expected to take place and might affect the markets.
The PMI can be an important economic indicator to traders and investors alike as it reflects the economic trajectory of businesses from the manufacturing and services sectors.
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