Asian Markets Slip Amid Global Growth Worries

Asian share markets fell on Monday due to concerns over U.S. and Chinese economic growth, with notable declines in Japanese and Chinese stocks. U.S. and European stock futures saw slight gains. Bond yields recovered slightly, while the Fed is anticipated to decide on rate cuts next week.

Asian share markets declined on Monday, influenced by concerns about the economic growth of both the U.S. and China. While U.S. and European stock futures experienced a modest bounce, bond yields showed some recovery from their recent lows. Data from China revealed an annual fall of 1.8% in producer prices in August, and the Chinese Consumer Price Index (CPI) rose by just 0.6%, missing forecasts.

Japanese stocks suffered significantly, with the Nikkei falling 0.8% after a near 6% drop last week. Chinese blue-chip stocks hit seven-month lows, and South Korea's market also saw a dip. Conversely, S&P 500 futures rose 0.4%, and Nasdaq futures climbed 0.6%. European markets followed suit, with EUROSTOXX 50 futures increasing by 0.5% and FTSE futures by 0.6%.

Investor attention is now on the U.S. Federal Reserve, which may cut rates next week, influenced by mixed August payroll reports. Meanwhile, the European Central Bank is expected to implement a quarter-point rate cut on Thursday. The currency and oil markets saw minor shifts, with the yen weakening and oil prices finding some support due to an approaching potential hurricane system near the U.S. Gulf Coast.

(With inputs from agencies.)