HONG KONG: Asian markets diverged Monday (Dec 11) as investors awaited key US data and a Federal Reserve policy decision after labour figures last week suggested the US central bank was on course to deliver a soft landing for the economy while reining in inflation.
A forecast-beating read on jobs Friday -- and a pick-up in consumer sentiment -- tempered expectations for interest rate cuts in the new year but were not enough to jolt confidence that decision-makers have finished with their tightening cycle.
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