News Formal

Asia markets set for mixed open ahead of Bank of Japan rate decision, China business activity data

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Bank of Japan is expected to raise its benchmark interest rate and detail its plan to trim its rate of bond buying.

Traders will be watching the Bank of Japan's rate decision, with economists polled by Reuters expecting the bank to raise rates to 0.1%.

Should the bank raise rates, this will mark the first time since 2010 that its benchmark interest rate stands firmly at 0.1% or higher. Asia-Pacific markets were set to open mixed on Wednesday as investors awaited the Bank of Japan's rate decision and China's business activity data.other analysts are expecting a larger hike.Australia's second-quarter inflation numbers are also in focus for clues on the Reserve Bank of Australia's moves at its next monetary policy meeting on Aug. 6.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia markets mixed as China manufacturing contracts again, Japan business confidence at 2-year highInvestors in Asia are coming off a positive inflation report in the U.S. last week, and will assess business data from the region.
Source: NBCDFW - 🏆 288. / 63 Read more »

Japan stocks extend rally to hit fresh all-time highs amid mixed Asia-Pacific marketsThe Nikkei 225 could continue hitting all time highs, based off futures data.
Source: nbcchicago - 🏆 545. / 51 Read more »