Traders are awaiting the release of key US data later in the week. Photo: Daniel ROLAND / AFPSource: AFPAsian markets were mixed Monday ahead of key US inflation data later in the week, with traders still concerned the Federal Reserve could lift interest rates again. That sparked a sell-off in Asia on Friday, though a tech-led surge on Wall Street provided traders some support on Monday. But with focus firmly on the consumer price index and retail sales later in the week, gains were limited. "The forthcoming CPI report holds the potential to reintroduce the possibility of a rate hike," said Stephen Innes at SPI Asset Management.

Source: Daily Nation November 13, 2023 04:16 UTC