Minutes of the RBA meeting in Australia, oil and currency

SINGAPORE – Asia-Pacific markets were mostly bustling at the start of trading on Tuesday, while bitcoin continued to rise after a recent recovery. Meanwhile, the Central Bank of Australia is ready to release minutes of the meetings in the morning.

of Japan Nikkei 225 was 1.19% higher at the beginning of trading, while Topix rose 1.2%. IN Kospi in South Korea it was also in positive territory, trading 0.16% higher.

of Australia S & P / ASX 200 increased by 0.69%. MSCI’s broadest index of Asia-Pacific equities outside Japan rose 0.12%.

Before the release of the minutes of the Reserve Bank of Australia meeting, RBA Governor Philip Lowe will talk about inflation and monetary policy.

Elsewhere, European Central Bank President Christine Lagarde reiterated her plans to raise ECB interest rates twice this summer, stressing her 2% inflation target, according to Reuters.

“These decisions underpin our previous commitments to adjust all our instruments within our mandate, including flexibility, if justified, to ensure that inflation stabilizes at our 2% target in the medium term,” Lagarde said. according to the report.

Selection of stocks and investment trends by CNBC Pro:

U.S. markets are set to return to trading on Tuesday after Monday’s holiday. The main average suffered its 10th losing week last week due to fears that the central bank would aggressively raise interest rates to curb inflation at the risk of causing an economic downturn. The S&P 500 fell 5.8 percent last week for its biggest weekly loss since March 2020, sinking deeper into the bear market.

The largest cryptocurrency in the world bitcoin rose on Monday after falls below its highest level since 2017 over the weekend. He climbed above the $ 20,000 mark for most of the day. On Tuesday, during trading hours in Asia, bitcoin last rose 2.74% to about $ 20,638, according to Coin Metrics.

Currencies

IN US Dollar Indexwhich tracks green money against a basket of its counterparts was at 104,407.

IN Japanese yen traded at 135.11 per dollar, weakening from above 134 Australian dollar was at $ 0.6961, still soft compared to last week’s trading above $ 0.70.

Oil prices were higher this morning by an international standard Crude Brent futures rose 0.8% to $ 115.04 a barrel. American crude oil futures also rose 1.56% to $ 111.27 a barrel.

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