Stability Before Central Bank Decisions in Asia: Market Awaits US Inflation Data

Asian stocks remained stable on Monday as investors awaited central bank meetings expected to announce further rate cuts and key U.S. inflation data. A holiday in Japan resulted in light trading, with MSCI's index of Asia-Pacific shares largely unchanged. The week will see speeches from several Fed policymakers and crucial economic surveys.

Asian stocks held steady on Monday, setting the stage for important central bank meetings expected to introduce further rate cuts and pivotal U.S. inflation data. Light trading in Japan due to a holiday saw MSCI's Asia-Pacific index remain largely unchanged after a 2.7% bounce last week.

The week ahead includes vital remarks from Federal Reserve Chair Jerome Powell among other Fed policymakers, as well as essential economic surveys globally. Markets continue to feel the impact of the Federal Reserve's recent half-point rate cut, igniting speculation of another substantial cut in November.

The U.S. consumer confidence report, global manufacturing surveys, and durable goods data are also in focus, with Sweden and Switzerland's central banks expected to announce rate cuts. The U.S. dollar gains some ground, and oil prices remain steady, reflecting investor sentiment on economic growth and demand.

(With inputs from agencies.)