News Snapshot:
[post] - Asian equities trade mixed with China bucking the bearish mood as PBOC holds benchmark rates unchanged - Hawkish Fedspeak, central banks hint at global economic slowdown. - Juneteenth holiday restricts market moves, US PMIs, Fed’s Powell eyed for clear directions. Asia-Pacific shares struggle to justify a clear trend as markets fear economic slowdown and faster/heavier rate hikes amid a sluggish start to the week, after a super volatile one. However, traders in China appear cautiously optimistic as the key data/events loom. While portraying the mood, the MSCI’s index of Asia-Pacific shares ex-Japan drops 0.25% whereas Japan’s Nikkei 225...
