<a href="https://www.thenationalnews.com/business/markets/2024/08/06/stock-market-crash-japan-asia/" target="_blank">Global equity markets</a> remain in recovery mode after recent bouts of extreme volatility as investors await the release of US inflation data this week that would underpin the<a href="https://are01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2F2023%2F05%2F20%2Fjob-market-in-us-will-take-a-serious-hit-even-in-a-mild-recession%2F&data=05%7C02%7CSSingh%40thenationalnews.com%7C74ae663f919244274fc608dcb5551481%7Ce52b6fadc5234ad692ce73ed77e9b253%7C0%7C0%7C638584624248999005%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=c73Sw4fhGQqzY1JH4o0nuRS4D81qhw5K5qmFzyzmqwo%3D&reserved=0" target="_blank"> health of the world's largest economy.</a> <a href="https://www.thenationalnews.com/business/markets/2024/08/05/stocks-recession-middle-east-war/" target="_blank">Markets in Asia</a> continued to rise on Monday, carrying momentum forward from the last week. MSCI's broadest index of Asia-Pacific shares rose 0.47 per cent at 11:02am UAE time, with stocks in Hong Kong gaining and China remaining broadly unchanged. India's main stocks measure gained 0.2 per cent. Investors are seeking clues to the direction the US Federal Reserve will take on rate cuts when it meets in September. The US consumer data release on Wednesday will help the Fed determine the course of action and will also dictate the stock market. “Markets will be looking for this week’s release of the July inflation print for the US for any more signals on what the Fed will do when it meets in mid-September,” Edward Bell, head of market economics at Emirates NBD, said.
