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Asian markets wobble as investors eye US economic signals

Business

Asian stocks bounced around on Monday after their strongest week in two months, echoing the cautious mood in US markets.
Investors are watching for hints from Japan's central bank about possible rate hikes, while oil prices jumped as OPEC+ kept production steady for early 2024.

What's driving the uncertainty?

Everyone's waiting on key US data this week—think jobs and spending—which could shape the Federal Reserve's next moves.
There's also buzz about who will be the new Fed chair.
Meanwhile, China's ongoing factory slowdown continues, adding to concerns in regional markets as global economic questions linger.