- Market sentiment remains sluggish, fades previous day optimism amid mixed concerns about China, US holiday.
- US-China ties, Beijing’s stimulus favor optimists but major banks cut dragon nation’s growth forecasts and lure bears.
- Hawkish Fed concerns, mixed US data trouble market players during sluggish start of the key week.
- Fed Chair Powell’s Testimony, China measures and PMI eyed for clear directions.
Markets in the Asia-Pacific region edge lower, pausing the previous day’s gains at the multi-day high, as traders struggle to cheer China-inspired optimism amid mixed clues. Adding to the consolidation move could be the US equity and bond markets’ holiday due to the Juneteenth observance.
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