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

 

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Manipulating currencies again?

Badass Bloomberg

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

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