Marketmind: China rates eyed, oil hits new high
China is expected to keep benchmark lending rates unchanged on Wednesday, grabbing the spotlight in Asia as the relentless rise in oil prices toward $100 a barrel seeps deeper into investor sentiment globally. The latest trade data from Japan, export orders from Taiwan, producer price inflation figures from South Korea and New Zealand's second-quarter current account balance are also on the regional calendar on Wednesday. The main event of the day on Wednesday, of course, is the Federal Reserve's policy meeting, where the U.S. central bank will announce its latest interest rate dec...