Asian shares tread cautiously; Wall St unfazed as Joe Biden bows out

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Asian shares tread cautiously; Wall St unfazed as Joe Biden bows out - Business Standard

Quick Summary:

The closely-watched Atlanta Fed GDPNow indicator points to growth of 2.7 per cent, suggesting some risk to the upside.

Also due are figures for advance gross domestic product that are forecast to show growth picking up to an annualised 1.9 per cent in the second quarter, from 1.4 per cent in the first.

The core personal consumption expenditures index is seen rising 0.1 per cent in June, pulling the annual pace down a tick to 2.5 per cent.