Traders in Asia can expect a choppy start after Friday's U.S. jobs report and Saturday's balloon incident.
are spreading in India. Ratings agency Moody's warned the Adani Group may struggle to raise capital, and S&P cut the outlook on two of its businesses.
India's central bank on Friday sought to assure investors that the country's financial system is solid, insisting that "various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy." This is the backdrop to the central bank's policy decision on Wednesday when it is expected to end its tightening cycle, raising the key lending rate by 25 basis points to 6.50%.
Meanwhile, on Tuesday the Reserve Bank of Australia is also expected to raise rates by 25 basis points, for a fourth time, to 3.35%. Analysts reckon this will be the penultimate hike before the cash rate settles at 3.60% in March.- Indonesia GDP Our Standards:Jamie McGeever has been a financial journalist since 1998, reporting from Brazil, Spain, New York, London, and now back in the U.S. again. Focus on economics, central banks, policymakers, and global markets - especially FX and fixed income.
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