Asia Pacific Stocks Set to Rise as Investors Wait for China Economic Data
China will report data on April's industrial production, retail sales, fixed asset investment and unemployment on Monday — investors are looking to those numbers for clues on the impact of the country's zero-Covid policy on the economy.
"While Shanghai provided some positivity for markets, it is not clear when China will pivot to living with Covid," Tapas Strickland, director of economics at National Australia Bank,Shanghai authorities said on Sunday that some businesses will begin to resume in-store operations,Currencies
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