China’s ruling Communist Party begins an annual conclave in Beijing tomorrow, with top officials seeking to shape the core leadership that will run what may become the world’s biggest economy in the next decade.
The following events and economic reports may influence trading in Asia’s local bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise.
South Korea repeated its call for North Korea to abandon nuclear weapons as Kim Jong Un’s regime displayed its military might in a parade marking the 60th anniversary of the armistice that ended the Korean War.
China’s President Hu Jintao and Premier Wen Jiabao were among at least five ruling Politburo members who met with two key advisers to President Barack Obama this week, exchanges that Hu said had “gone well.”
Vice Premier Wang Qishan, China’s counterpart to U.S. Treasury Secretary Timothy Geithner, was named to the Communist Party’s discipline body as part of a once-a-decade leadership transition, indicating he won’t have a post directly overseeing the economy in the new government.