The year is rapidly drawing to a close but this is unlikely to be the week that Asia markets wind down – not with the Federal Reserve, Bank of Japan (BOJ) and Reserve Bank of India (RBI) all scheduled to meet.
In addition to major central bank meetings, Japan released its closely-watched Tankan business survey on Monday and HSBC released its flash purchasing managers’ index (PMI). The HSBC flash PMI slipped to a three-month low in December of 50.5.
“This week could be one of the busiest, most market changing weeks of the year… and possibly the biggest FOMC [Federal Open Market Committee] meeting since the September 2012 when QE3 (third round of quantitative easing) was enacted,” said Evan Lucas, market strategist at trading firm IG, in a note.
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