- A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Investors will be looking to start the fourth quarter on a positive note after a pretty awful third quarter. Stocks, bonds and non-dollar currencies around the world mostly fell, to varying degrees, as investors adjusted to the idea that U.S. interest rates will not come down as quickly as they had hoped.
The next step is for growth to re-accelerate after coming in well below forecasts all year. Economic surprises are still negative, but have recovered from the lows of the summer, levels that were historically consistent with periods of extreme economic and financial stress - 2008, 2015 and 2020. Meanwhile, the Reserve Bank of Australia, Reserve Bank of New Zealand and Reserve Bank of India are all expected to keep their key interest rates on hold at 4.10%, 5.5% and 6.5%, respectively. All eyes are on policymakers' guidance.
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