Asian markets set to be supported by bond market pause, Wall Street stabilization

A pause in the global bond market selloff, stabilization on Wall Street and a softer dollar should all help support Asian markets on Thursday, as investors also turn their eyes to U.S. Treasury Secretary Janet Yellen's visit to China. The Asia and Pacific economic calendar on Thursday is extremely light, with only Australian and Indian services purchasing managers index reports on tap, leaving investors to take their cue from global market moves and events.

Chief among them will be Federal Reserve Chair Jerome Powell's reiteration on Wednesday that policymakers can take their time deliberating over when to deliver their first rate cut, and that it remains"too soon" to judge whether recent stronger-than-expected inflation is"more than just a bump." The recent whittling away of U.S. rate cut expectations - rates markets no longer fully expect a move in June or 75 basis points of easing in total this year - has recently begun to squeeze bond and stock markets around the worl

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