Fast Asia Open: Thailand interest rates, India monetary policy

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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
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