The MSCI Asia ex-Japan index's 1.4% slump on Friday - its steepest since January - sealed its biggest weekly loss in two months, while Japan's Nikkei 225...
A batch of top-tier Chinese economic data releases gets Asian markets underway on Monday, with sentiment pretty fragile after last week's global market wobble and as investors brace for U.S. and Japanese policy decisions later in the week.
The Asia and Pacific calendar this week is packed with hugely important economic data releases and central bank policy meetings, none more so than the Bank of Japan's two-day meeting that starts on Monday. Sources have also told Reuters that the BOJ will offer guidance on how much government bonds it will buy upon ending NIRP and yield curve control , to avoid causing market disruptions.
But the road to recovery will be long and rocky. Figures last week showed that house prices fell at their fastest annual rate in over a year, and new bank lending growth fell to the lowest on record. Hertz’s electric vehicle and CEO about-face is the latest twist after a COVID bankruptcy filing and a deep relationship with Carl IcahnIt's been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you're in default and now owe money comes as a shock. Not only did you not take out another mortgage on your property, you've never even dealt with that bank before. Yet the documents you're presented with say otherwise.
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