Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
The U.S. Treasuries traded tad down during Tuesday’s afternoon session ahead of the country’s 7-year auction, scheduled to be held today by 18:00GMT. However, of utmost importance will be the Federal Reserve’s monetary policy meeting, due to be concluded on January 29 by 19:00GMT, which shall pave the way for future direction in the debt market.
The yield on the benchmark 10-year Treasury yield lost 1 basis point to 1.594 percent, the super-long 30-year bond yield also edged tad 1 basis point down to 2.043 percent and the yield on the short-term 2-year remained 1-1/2 basis points down at 1.419 percent by 11:45GMT.
In the US, December durable goods orders, due for release today are expected to be up 0.8 percent, following a 2.1 percent fall in November. Much of the rebound is due to stronger aerospace orders. These, however, can be very volatile. A better gauge of the underlying picture is provided by the ex-transport reading, which is forecast to rise by 0.5 percent after a 0.1 percent fall, Lloyds Bank reported.
The US-China trade deal suggests that 2020 may be a better year for the industrial sector. One area of concern, however, is aerospace, where Boeing’s problems may lead to production cutbacks, the report added.
Meanwhile, the S&P 500 Futures remained nearly flat at 3,243.12 by 11:50GMT.
