Asian shares dithered on Monday as investors bet the farm on a rate cut from the Federal Reserve this week, yet the meeting could be one of the most fractious in recent memory with some policy makers openly arguing against an easing.
Oil prices were largely steady in Asian trading on Monday after weekly gains, supported by stalled U.S.-Russia peace talks over Ukraine and firm expectations the Federal Reserve will cut interest rates later this week.
China’s automotive market is expected to struggle at the end of the year, despite it being a traditional peak sales season, as the country prepares to phase out its supporting policies, with their coverage narrowing and effect fading.
President Donald Trump on Wednesday said his administration would "reset" fuel efficiency standards for passenger cars in an effort to put a lid on rising auto prices, as the administration battles inflation and an affordability crisis.
