Asia-Pacific markets opened higher this Thursday, mirroring gains on Wall Street as investors seem unfazed by a week of trade tensions and disappointing U.S. tech earnings. Meanwhile, India's central bank is expected to lower benchmark interest rates in its ongoing policy meeting, aiming to boost a slowing economy.
Asia-Pacific markets opened higher Thursday, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings.India's central bank is expected to cut benchmark interest rates in its policy meeting that's underway, as it strives to stimulate a faltering economy. The decision will be out on Friday.
India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases The Reserve Bank of India is poised to trim the repo rate by 25 basis points to 6.25% as it concludes its policy meeting on Friday, setting off"a shallow rate cut cycle," said Taimur Baig, chief economist at DBS Bank.
ASIAN MARKETS INTEREST RATES INDIA ECONOMY TECH EARNINGS TRADE DISPUTES
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