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