Hong Kong: Asian markets mostly fell Monday after a forecast-busting jobs report dampened US interest rate cut hopes, with attention now turning to the release of key inflation data this week. Traders are now factoring in three rate cuts this year, compared with six that were penciled in three months ago. The latest reading on the consumer price index on Tuesday is now in traders' view. The data provided some much-needed good news for the struggling economy, though observers warned it continued to face headwinds. "Therefore, it is too early to say China has emerged from consumer deflation from just one data point."

Source: Manila Times March 11, 2024 04:36 UTC