) as fresh fiscal stimulus from China largely underwhelmed, while data over the weekend showed deflation in the country remained in play.
U.S. stock index futures rose in Asian trade, with focus turning to upcoming inflation data and a slew of Federal Reserve speakers this week.Investors were mostly underwhelmed by China’s National People’s Congress announcing about 12 trillion yuan in a debt swap program to improve the finances of local governments.
The BOJ had kept rates steady in October after hiking them twice earlier this year, as the bank saw a virtuous cycle of higher wages and inflation. Still, Governor Kazuo Ueda signaled at the October meeting that interest rates were still set to rise eventually.index pointed to a flat open, as the index languished near three-month lows. Indian stocks were walloped by heavy foreign capital outflows over the past month.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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Source: CNBC - 🏆 12. / 72 Read more »