Asian stocks, Wall Street futures edge up, China lowers repo rate | World News
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Markets were still basking in the afterglow of the Federal Reserve’s half-point rate cut.
Asian stocks firmed on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key US inflation figures that should flash a green light for more easing there.
China’s central bank surprised many by lowering its 14-day repo rate by 10 basis points, a couple of days after disappointing markets by not cutting longer-term rates. That helped nudge Chinese blue chips up 0.5 per cent.
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A holiday in Japan made for thin trading and MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 per…
