Asia markets mixed, Australia gains on soft CPI; investors brace for central bank decisions
Main Idea
Investors are cautious ahead of the Federal Reserve's policy announcement, and US-China trade talks concluded without a deal.
Key Points
1. Investors are cautious before the Federal Reserve's policy announcement.
2. US-China trade talks ended without a deal.
3. Treasury Secretary Scott Bessent mentioned that any deal will require Trump’s involvement.
Description
Asian shares had mixed results on Wednesday, with Australia gaining on a soft quarterly inflation print, with investors cautious before the Federal Reserve's policy announcement. US-China trade talks ended without a deal. Treasury Secretary Scott Bessent said that any deal will require Trump’s personal approval before moving forward. Market participants also remained wary of the approaching U.S. tariff deadline on August 1. Gold hovered around $3,320 per ounce on Wednesday, staying near a three-...
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