Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, as bond yields spiked ahead of the release of closely watched U.S. inflation data, the release of FOMC minutes and the ECB monetary policy meeting later in the week. The inflation data could have a significant impact on the outlook for interest rates, as US Fed officials have repeatedly said they need greater confidence inflation is slowing before cutting rates. Asian markets closed mostly higher on Monday.
Wednesday will also see the release of the minutes of the Fed's latest monetary policy meeting, which could also shed additional light on officials' thinking on rates. The reports on US consumer and producer inflation in the month of March are scheduled on Wednesday and Thursday, respectively.
For comments and feedback: editorial@rttnews.com