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MARKET WRAPS Watch For: Manufacturing PMI data for Eurozone, U.K., Germany, France, Italy; Monetary developments in the euro area Opening Call: European stock futures traded higher...
0147 GMT — Asian currencies consolidate against USD in the morning session ahead of tonight’s FOMC decision, where the Fed is widely expected to leave rates…
The MPC) expected to keep benchmark lending rates unchanged for the fifth consecutive time. The relatively favorable macroeconomic indicators in India, with easing retail inflation and a GDP growth rate of 7.8% in Q2FY24, provide confidence to chart its own path, independent of US Federal Reserve, European Central Bank and Bank of Japan
The odds of the Fed's first rate cut coming in March have risen to 63%, while the Reserve Bank of India is expected to hold rates until the middle of next year.
India's overnight index swap market is signalling that the country's central bank will not rush to cut interest rates even if the U.S. Federal Reserve starts bringing down rates early next year....