The following news will decide the market direction for this week :
India RBI is expected to announce a rate cut on 29th .
Profits earned by Chinese industrial companies declined 8.8 percent in August from a year ago, official data showed on Monday.
After the Caixin Flash China General Manufacturing PMI™ came at at 47.0 in September (47.3 in August). 78-month low the final official PMI will be declared on 1st October ( Friday ). This data will be keenly watched by the market .
Japan is also expected to come out with a mixed bag of data.
Overall sentiments will remain bearish with the slowdown in China becoming more severe.
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