On March 20, 2023, in Tokyo with cherry blossoms in full bloom, you can see the headquarters of the Bank of Japan (BOJ).
Kazuhiro Noki | AFP | Getty Images
Asia-Pacific markets opened mixed on Monday as investors braced for a week of central bank meetings.
The Federal Reserve will hold a Federal Open Market Committee meeting on Tuesday. A Reuters poll of economists expected the Fed to keep its benchmark interest rate steady at 5.25% to 5.5%.
In Asia, the Reserve Bank of Australia is expected to hold the cash rate steady at 4.35% when it ends its meeting on Tuesday.
In contrast, a Reuters poll expects the Bank of Japan to exit its negative interest rate policy and raise its benchmark interest rate from -0.1% to 0% when announced on Tuesday.
In Europe, the Bank of England is expected to keep interest rates unchanged at 5.25%.
Australia, S&P/ASX 200 Index It fell 0.21% in early trading.
In contrast, Japan Nikkei 225 Index The Chicago futures contract is at 38,870 and the Osaka futures contract is at 38,660, while the index last closed at 38,707.64.
Hong Kong’s Hang Seng Index futures were quoted at 16,752 points, opening stronger compared to the Hang Seng Index’s closing point of 16,720.89 points.
China is due to release a slew of economic data on Monday, including retail sales, industrial output and urban unemployment figures for February.
All three major U.S. stock indexes fell on Friday as inflation concerns remained a focus ahead of the Federal Reserve policy meeting.
this S&P 500 Index fell 0.65%, while Dow Jones Industrial Average fell 0.49%, while Nasdaq Index down 0.96%.
—CNBC’s Brian Evans and Alex Harring contributed to this report
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