Key Points
SINGAPORE (Reuters) -Asian equities rose on Tuesday led higher by Chinese tech firms although investors main focus was on key U.S. inflation data, while expectations that the Bank of Japan may be ready to exit ultra-easy policy as soon as next week weighed on the Nikkei...
Gold held just below its record peak and the dollar was steady as traders awaited the U.S. consumer price index later in the day to gauge when the Federal Reserve would likely start its rate cutting cycle...
European bourses are set for a strong open, with the Eurostoxx 50 futures up 0.57%, German DAX futures up 0.57% and FTSE futures 0.74% higher...
The spotlight during Asian hours was firmly on Japan after the BOJ refrained from purchasing Japanese exchange-traded funds on Monday even as local shares dropped sharply, stoking speculation a shift away from ultra-loose monetary policy is right around the corner.. A growing number of BOJ policymakers are warming to the idea of ending negative interest rates this month, four sources familiar with the central banks thinking told Reuters last week...
But on Tuesday, the Nikkei closed 0.06% lower, having dropped 1% during the session, while the yen weakened 0.41% to 147.51 per dollar after Bank of Japan Governor Kazuo Ueda hedged his optimism about the economy ahead of the central banks policy meeting next week...
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