(MENAFN– ecpulse)
India were shut for public holidays while most investors await a number of key data and central bank meetings later this week for further direction.
Besides the ECB meeting, the BOE and the RBA will be holding monetary policy meetings this week, with no major changes expected. While employment reports will be released from Australia and the US while the GDP will be released from the States on Thursday.
If the US data will be strong this will stir speculation the Fed may roll back its monetary stimulus in December, instead of March. The Federal Reserve Bank of Dallas President Richard Fisher said the central bank should end its record stimulus as soon as possible.
- The MSCI Asia Pacific excluding Japan Index slid 0.2% to 478.32 as of 14:59 in Hong Kong
In China, the benchmark index traded in a narrow range despite the improvement in the services sector. Caution is rising ahead of the highly anticipated Plenum meeting this Saturday and as the property bubble poses danger to the economy.
- China’s CSI 300 Index closed 0.19% lower at 2380.45
- Hong Kong’s Hang Seng closed 0.26% lower at 23189.62
In Australia, earnings were in focus, while the attention is turning to the Reserve Bank of Australia`s (RBA) policy decision on Tuesday. While in South Korea the benchmark index ended at its lowest level since October 14 on strong foreign selling.
- The S&P/ASX 200 closed 0.38% lower at 5390.53
- New Zealand’s NZX 50 closed 0.06% lower at 4910.68
- Kospi closed 0.70% lower at 2025.17
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