Asia stocks poised to trade higher with China set to release its loan prime rate

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Asia stocks poised to trade higher with China set to release its loan prime rate
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The People's Bank of China is set to release its loan prime rate as the country grapples with the economic impact of an ongoing coronavirus outbreak.

Futures pointed to a higher open for Japanese stocks, while shares in Australia edged up in early trade.Investors will await the release of the PBoC's loan prime rate, set to be out around 9:30 a.m. HK/SIN.widely expected to cut its loan prime rate as the country grapples with the economic impact of an ongoing coronavirus outbreak.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,590 while its counterpart in Osaka was at 23,600. That compared against the

 

Manipulating currencies again?

Badass Bloomberg

Oh yeah trust their reported prime rate. Right! Buy, buy, buy... Oops!

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