Asian Markets Mixed Ahead of Fed Meeting and Powells Jackson Hole Speech

Asian stock markets displayed mixed results on Monday as investors awaited the Federal Reserve meeting later in the week. This follows a positive week for Wall Street, with U.S. stocks experiencing slight growth. While U.S. futures showed gains, oil prices declined. The recent performance of the U.S. market, particularly encouraging retail sales figures, has influenced market expectations regarding potential interest rate adjustments by the Federal Reserve. Global economic factors and the upcoming speech by Federal Reserve Chair Jerome Powell at Jackson Hole are contributing to market uncertainty. Powell`s remarks are anticipated to provide insights into the Fed`s future monetary policy stance. Meanwhile, other Asian markets experienced varied performance, with some indices showing gains while others experienced slight declines. Last Friday, the U.S. stock market continued its positive trend, with major indices like the S&P 500 and Dow Jones Industrial Average closing higher. However, mixed economic data, including lower-than-expected housing starts, tempered market optimism.