Key Points
SINGAPORE (Reuters) -Asian shares slipped from 1-1/2 month highs on Tuesday as a record rate cut in China failed to excite investors, while U.S. and Europe futures fell on fading chances for early cuts there...
Chinas five-year loan prime rate was lowered by 25 basis points to 3.95%, bigger than the five to 15 bp cuts forecast by economists..
Outside China global markets are smarting a little as traders have sharply scaled back bets on U.S. rate cuts following high readings on producer and consumer prices...
Capital One, a U.S. consumer lender, said it will acquire credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion, though prices didnt immediately react with markets closed...
Commodity markets more broadly were steady in Asia trade with Brent crude futures flat at $83.53 a barrel..
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