Asia-Pacific markets are expected to decline as investors react to Nvidia's strong but slowing quarterly results, with a 94% revenue increase to $35.08 billion. Meanwhile, Indian stocks are under scrutiny following the indictment of Adani Group's chairman for bribery and fraud. In the U.S., Federal Reserve officials express mixed views on inflation and interest rates, with some advocating for further rate cuts while acknowledging ongoing inflationary pressures.
Federal Reserve Governor Lisa Cook indicated that interest rates should be gradually reduced to achieve a more neutral stance, driven by progress in inflation and a strong labor market. She noted that while the risks to employment and inflation goals are balanced, the timing and extent of rate cuts will rely on incoming economic data.
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