Asian markets on Tuesday will be looking to maintain the positivity with which the week has started, with subdued volatility, stable bond markets and mostly upbeat stocks trumping worries over tariffs and gloomy Chinese data.U.S. President Joe Biden is expected to announce new China tariffs this week, targeting strategic sectors including a major hike in levies on electric vehicles, measures which could elicit a significant response from Beijing.
Asia's economic calendar on Tuesday is extremely light, with wholesale price inflation figures from Japan and India being the main releases, while the corporate spotlight shines on the latest earnings reports from Japan's Sony and China's Tencent. Economists expect a slight pick up in monthly inflation to 0.3% from 0.2%, and the annual rate to stay at 0.8%. That's probably not enough to move the BOJ's dial, but a reasonably strong out-of-consensus number might.
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