Asian stocks edge is ahead after the Wall Street got a boost from strong retail data, while bonds retreated as US policymaker sounded conflicted on whether to cut interest rates as sharply as markets were wagering.
On Wall Street, the Dow had gained 0.93%, while the S&P 500 rose 0.82% and the Nasdaq 0.90%.
In the Minutes of Federal Reserve’s meeting, policymakers were deeply divided over whether to cut interest rates but were united in wanting to signal they were not on a preset path of more easing. Indeed, while a ‘couple’ of Fed members favoured a deeper cut of half a point, ‘several’ favoured no change at all. Two-year yields rose to 1.59% and away from last week’s low of 1.467%.
SEBI is the regulatory framework eased regulatory and compliance framework for foreign portfolio investors (FPI) by broad-basing their classification, and simplifying their registration, entry and know-your-customer (KYC) norms in a bid to boost investments.