Fast Asia Open: Thailand interest rates, India monetary policy

Listen to this article


After a middling day on Wall Street, Asian bourses are geared up for gains at the open.

With the dollar index measuring the currency against a basket of peers rising 0.5 per cent Tuesday, equities in Asia are ready for a forex-induced boost at the open.

Futures tip Australia’s S&P/ASX 200 index to open 0.1 per cent higher, while Tokyo’s Topix index is ready to jump 0.2 per cent and Hong Kong’s Hang Seng index is expected to notch a 0.1 per cent gain at the start.

Japan’s yen is currently off 0.1 per cent against the dollar at ¥112.32 after a 0.6 per cent rise on Tuesday while the Australian dollar is down by the same amount at $0.7624 following a drop of 0.4 per cent the previous day.

Fears of oil oversupply have also returned, sending the price of the international marker Brent crude down 1.9 per cent to $54.69 a barrel.

Corporate earnings reports out today include Fuji Heavy Industries (12.00), Softbank (14.00), and Rio Tinto.

Economic calendar packs a mean right hook (all times Hong Kong):

  • 07.50: Japan current account balance
  • 08.30: Taiwan consumer inflation
  • 12.00: Malaysia imports, exports and trade balance
  • 15.00: Bank of Thailand interest rate decision
  • 17.00: Reserve bank of India monetary policy decision
Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from and redistribute by email or post to the web.