A busy week ahead starts with Asian markets digesting key weekend events: A widening in the Chinese yuan’s trading band and exit polls showing Crimea has voted to join Russia in a move that could fuel risk aversion.
The key highlights of the week include Chinese foreign direct investment and house price data expected early in the week, the release minutes on Tuesday from the Reserve Bank of Australia’s (RBA) last meeting and a central bank meeting in the Philippines on Thursday. Japan trade data is also expected in the week.
Outside Asia, focus is likely to fall on a two-day meeting of the U.S. Federal Reserve, which concludes on Wednesday. The Fed is seen moving ahead with a scaling back of its monetary stimulus, with another $10 billion “taper” of the bond-buying program to $55 billion a month.
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