Asia stocks dip on Middle East, central bank meetings
© Reuters. FILE PHOTO: Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato
"Remaining uncertainty about the wage outlook, combined with stresses in global bond markets could prompt the BOJ to err on the side of caution, making our view that YCC will be scrapped a very close call," said analysts at Barclays. Sentiment will be tested further on Monday when Treasury announces its refunding plans, with more increases likely. NatWest Markets expects $885 billion of marketable borrowing in the fourth quarter and $700 billion in the following quarter.
Job figures due Friday are forecast to show U.S. payrolls rose a still solid 188,000 in October, after September's blockbuster gain, but annual growth in average earnings is still seen slowing to 4.0% from 4.2%.
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