RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
The German bunds jumped during European session Tuesday ahead of the country’s labour market report for the month of October, scheduled to be released on October 29 by 08:55GMT and the consumer price inflation (CPI) for the similar period, due for release on the same day by 11:00GMT for added information in the debt market.
The German 10-year bond yield, which move inversely to its price, slumped 2-1/2 basis points to -0.353 percent, the yield on 30-year note also plummeted 3-1/2 basis points to 0.142 percent and the yield on short-term 2-year suffered 1-1/2 basis points down at -0.661 percent by 09:40GMT.
It should be a relatively quiet day for euro area economic releases today, with just the French INSEE consumer survey for October, which broadly aligned with expectations that confidence was little changed at the start of Q4, Daiwa Capital Markets reported.
Indeed, the headline sentiment index moved sideways in October at 104, matching the twenty-month high reached in September and remaining comfortably above the long-run average. While consumers were a touch less upbeat about their future financial situation this was close to the multi-year high reached in September, the report added.
And with only a very modest deterioration in the survey’s unemployment component, the share of households considering it to be a suitable time to make major purchases over the coming twelve months increased again in October to its highest in seventeen months, Daiwa further noted in the report.
Meanwhile, the German DAX remained tad -0.23 percent lower at 12,911.64 by 09:45GMT.
