The Bank of Japan was likely to refrain from announcing any changes to the settings for its main policy levers on Thursday at its next meeting given the risk that inflation would remain far from its target, analysts at Bank of America-Merrill Lynch said.
Markets in Asia were higher on Wednesday, taking their cue from Wall Street overnight as trader attention turned towards the looming tax reforms promised by US President Donald Trump, alongside a slew of strong earnings in the region.
HSBC and RBS´s partially-owned Saudi units were exploring a potential merger which would result in the creation of the Kingdom's third-largest lender.
Markets in Asia finished higher on Tuesday, as the French election frenzy continued, though tensions on the Korean peninsula managed to put a lid on some of the gains.
Crude oil futures were in a funk again heading into the weekend, amid 'market chatter' around declining demand and concerns that Russia might yet scupper a deal by the world's largest oil producers to continue reining in their production.
Iron ore futures continued to retreat on Wednesday, amid high levels of inventories at ports even as domestic mines in China continued to ramp-up their production, analysts at SP Angel explained.
Consumer prices in China rose less than expected in March as food prices continued to weigh, although inflationary pressures at the factory gate narrowly beat forecasts .
Japanese electronics firm Toshiba has increased doubts about its future after the release of its twice-delayed quarterly results on Tuesday, which were posted without the aproval of the company’s auditors.