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BENGALURU: Activity in India’s dominant services industry expanded for the sixth consecutive month in March, supported by strong domestic demand, but some momentum was lost as authorities imposed fresh restrictions following a surge in coronavirus cases, a survey showed.
BENGALURU: Indian shares inched higher on Wednesday, ahead of a central bank decision that could leave interest rates at record lows, as a second surge in domestic coronavirus cases sparked fears about the impact on economic growth.
Emerging Markets: Philippine's inflation eases for the first time in 6-months in March; Asia's currencies higher as US yields retreat
Asia's emerging currencies found some respite on Tuesday as the dollar fell to near two-week low and US bond yields retreated, with South Korea's won and Malaysia's ringgit leading gains in the region.
Emerging Markets: Indonesian 10-year bond yields at 4-week low; Indian shares slump on record Covid-19 spike
Indian shares dived more than 2% on Monday after the country imposed fresh restrictions as coronavirus cases touched a record high, while a firmer dollar dragged down Asia's emerging currencies lower in holiday-thinned trade.
THIS week will see the release of industrial production index (IPI) figures for February and the manufacturing sales value. Unemployment rate data is also due on Thursday.
US President Joe Biden’s massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs.