Marketmind: Calm before policy, data storm
© Reuters. Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/File photoAustralian retail sales is the only event on the Asian and Pacific economic calendar on Monday, but whatever the reading, it will be the quiet before the storm in what looks like a huge and potentially volatile week for world and Asian markets.
Asian markets on Monday will also give their initial reaction to news over the weekend of an expected U.S.-Sino summit between presidents Joe Biden and Xi Jinping next month. Tech and chip stocks could be particularly sensitive. But the MSCI emerging market index and Asia ex-Japan index's falls of around 0.6% last week were notably shallower than the MSCI Work index's 2% slide.S&P 500
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