RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Not many economic dockets and events are scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Construction work declined by 3.7 percent in the second quarter.
Upcoming:
- Japan: Leading economic index and coincident index will be released at 5:00 GMT.
- Germany: Second quarter GDP data will be released at 6:00 GMT. Prior 0.4 percent.
- United Kingdom: BBA mortgage approvals will be released at 8:30 GMT.
- United States: MBA mortgage applications will be released at 11:00 GMT. Housing price index for the month of June will be announced at 13:00 GMT. Existing home sales report for the month of July will be released at 14:00 GMT. EIA will release its weekly inventory report at 14:30 GMT.
- Japan: Corporate service prices will be released at 23:50 GMT.
- Auctions: United States will auction 5-year note at 17:00 GMT.
