- Asian markets eased as investors took profits, while mixed regional data and a stronger yen added to a cautious tone.
- Asian markets eased as investors took profits, while mixed regional data and a stronger yen added to a cautious tone.
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Nikkei gives back part of yesterday’s gains, falling 1.2%. The move likely reflects profit-taking after a strong rebound in the previous session.
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The yen continues to strengthen against the dollar, gaining 0.2% today.
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U.S. trade balance data was scheduled for release today, but it will not be published due to the ongoing government shutdown.
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Household spending in Japan rose 2.3%, beating expectations of 1.2% and up from the previous 1.4%. The stronger reading suggests improving consumer activity.
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The Westpac Consumer Confidence Index fell by -3.5%, worse than the previous -3.1%, signaling continued caution among New Zealand households.
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Business confidence in New Zealand also declined, dropping to 18 from the previous 22, pointing to worse sentiment among firms.
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