Most Asian stocks rose on Wednesday following reports that China will target increased fiscal spending in the upcoming year. This optimistic news supported regional markets despite a weak overnight session on Wall Street, where the NASDAQ Composite dropped from record highs, and the Dow Jones logged its longest losing streak in over 40 years.

Key Highlights:

1. China's Fiscal Measures: The announcement of targeted fiscal spending bolstered sentiment across Asian markets. This comes as part of broader efforts to stabilize the region's economic recovery.

   • API: Economics Calendar: Use this API to track upcoming government fiscal measures and economic indicators for China and other Asian economies.

2. Fed Rate Decision in Focus: U.S. futures remained flat during Asian trading hours as markets brace for the Federal Reserve's decision later in the day. While a 25 basis point rate cut is expected, indications of slower easing in 2025 are likely to impact risk-driven assets negatively.

   • API: Sector Historical Data: This API provides historical market data for sectors impacted by monetary policy shifts, such as technology and financials.

Global Central Banks Aligning

Apart from the Fed, other key central banks, including Japan, Thailand, Indonesia, and the Philippines, are also holding meetings this week, signaling significant policy decisions on the horizon. A cautious stance on easing or tighter fiscal strategies could shape market outcomes in Q1 2025.