New Zealand, November 11, 2024: Inflation expectations for the next two years in New Zealand have increased slightly, reaching 2.12% in the fourth quarter, up from 2.03% in the previous quarter. This data, released by the Reserve Bank, indicates that one-year expectations have eased to 2.05%, while five-year expectations rose to 2.24%. The figures remain near the midpoint of the central bank's target range.
Japan, November 11, 2024: The Bank of Japan's board members have expressed caution regarding potential increases to the benchmark interest rate. A summary from the October policy meeting revealed that there were no strong indications of a rate change in the near future. One board member noted that it is premature to conclude that market conditions are stabilizing.
India, November 11, 2024: Indian stock markets are anticipated to open lower today, influenced by overall weakness in Asian markets. Disappointing financial results from major companies, including Tata Motors, have contributed to negative sentiment, compounded by ongoing selling pressure from foreign investors.