By Jamie McGeever
(Reuters) – A look at the day ahead in Asian markets.
The trading and investment climate across Asia may be a little choppy on Tuesday, with any enthusiasm fostered by China’s latest steps to shore up its markets offset by another surge in U.S. bond yields and slide in U.S. rate cut expectations.
The Asia and Pacific economic calendar sees the release of Japanese household spending figures, consumer inflation from the Philippines and Taiwan, and the big one: the latest interest rate decision and guidance from the Reserve Bank of Australia (RBA).
The Australian dollar will no doubt be buffeted by RBA Governor Michele Bullock, as currencies, stocks and bonds across the region continue to feel the heat from swings in U.S. Treasuries and the dollar.
After Friday’s sizzling U.S. jobs report and Federal Reserve Chair Jerome Powell’s latest signal that rates will not be cut in March, Treasury yields and the dollar are on a…
