Reserve Bank of India (RBI) logo outside the bank’s headquarters in Mumbai, India on Tuesday, Aug. 9, 2011.
Kainaz Amaria | Bloomberg | Getty Images
Asia-Pacific markets expect trade to be mixed on Thursday after Wall Street scrutinized ADP’s latest private payroll report that showed a slowdown in employment growth in March.
The central bank of India can be expected to raise its repurchase rate by 25 basis points to 6.75%, according to economists polled by Reuters.
Futures contracts in Australia S&P/ASX200 was 7,254, compared with a recent close of seven,237.2, suggesting the index may extend its eight-day rally.
Hong Kong’s Hang Seng Index looked higher with Hang Seng futures at 20,421 compared to Tuesday’s close of 20,274.59.
Nonetheless, Japanese markets appeared to be headed downwards, with the Chicago Nikkei futures trading at 27,740 and its Osaka counterpart at 27,680 against Nike 225 last closing at 27,813.26.
Japan will release household spending data for February, and China will release private surveys of activity in the services sector.
Overnight in the US, the Nasdaq Composite recorded a 3rd straight session losing 1.07%, while the wide-ranging S&P 500 fell 0.25. Nonetheless, the Dow Jones Industrial Average was boosted by the higher performance of healthcare stocks which closed 0.24% higher.
— Jesse Pound and Sarah Min of CNBC contributed to this report.