Asian stocks tread water as nonfarm payrolls approach; RBI decision awaited
Investing.com-- Most Asian stocks moved little on Friday with focus squarely on upcoming U.S. nonfarm payrolls data, which is expected to provide more cues on when the Federal Reserve could begin cutting interest rates.
Focus was also on a Reserve Bank of India decision on interest rates, after local stocks saw wild swings this week following a surprise result in the 2024 general elections.index pointed to a mildly positive open, as the index clocked a two-day rebound from steep losses incurred on Tuesday.on Friday, with few plans to begin altering policy, given that inflation has remained sticky in the country. But the RBI is also expected to reiterate a strong outlook for the Indian economy.
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