Asian Markets Await China Data Amid Stimulus Speculation
Asian shares faced challenges ahead of key China data that could prompt calls for stimulus, despite Beijing's current stance. As Treasury yields rose, the dollar gained against the yen, reaching a 2023 peak. The story discusses the market's anticipation of economic data and its impact on global markets. Reporting by Wayne Cole for Reuters.
RBI's Vision: AI-Powered Conversational Payments for India
The Reserve Bank of India (RBI) is driving fintech evolution by introducing AI-powered "conversational" payments within its Unified Payments Interface (UPI) system. This innovative approach aims to enhance user experience through AI-driven conversations for initiating and completing transactions. Additionally, the RBI envisions a public digital platform to streamline credit provision. Story on Finextra by David Gyori.
Week Ahead: U.S. Stock Futures Show Resilience
Despite a mixed week driven by fluctuating bond yields impacting tech assets, U.S. stock futures exhibited resilience. Investors are eyeing upcoming economic indicators such as retail sales, industrial production, and FOMC meeting minutes. The article provides insights into the market outlook and key events shaping the week. Article on Investing.com
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