Asian stocks are poised to climb, mirroring Wall Street’s upward trend, fueled by optimistic remarks from Commerce Secretary Howard Lutnick regarding US-China trade talks. Equity futures signal gains in Sydney, Tokyo, and Hong Kong, while Tesla spearheaded advances among megacap stocks. Investors are also closely watching for a key inflation report and Bitcoin’s attempt to breach its record high.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.