Markets are also pondering the risk of slower rate cuts ahead of U.S. data and an appearance by the world#39;s most powerful central banker later in the day. Oil extended its ascent, while gold prices hit another a record high.
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Together with other better-than-expected manufacturing surveys, the data add to evidence that parts of China#39;s economy are gaining momentum in the first quarter.
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The service sector has been the driving force behind the country#39;s recent economic growth, helping offset the drag in manufacturing hampered by weak global demand.
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Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka, the World Bank said in its latest South Asia Development…
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Trends in the GIFT Nifty indicate a weak start for the broader index in India, with a loss of 142 points or 0.63 percent.
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Seven aid workers who were working for the World Central Kitchen, a charity delivering food to besieged Palestinians, were killed in the Israeli airstrike in Gaza on Tuesday.
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