Bond

The Indian stock market is expected to take a breather on Friday after a five-day rally, with global cues and earnings announcements playing a key role in determining the direction. Investors will be watching for the Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation gauge, and earnings results from several prominent companies.

Thailand's central bank remains open to adjusting monetary policy if the economic outlook changes, despite pressure from the government to cut interest rates. The bank emphasizes the need to balance short-term and long-term economic factors, while acknowledging uncertainties in the growth and inflation outlook.

The U.S. economic growth in the first quarter of the year was slower than expected, with Gross Domestic Product (GDP) increasing at a 1.6% annualized rate, attributing much of the growth to consumer spending. Despite this slowdown, an increase in inflation suggests that the Federal Reserve is unlikely to cut interest rates before September, as the economy remains above the non-inflationary growth rate.

The Kishida Cabinet's approval rating rose to 26% after the LDP punished lawmakers involved in a political fund scandal, but public dissatisfaction remains high. While the punishment appears to have had a positive impact on public perception, 78% of respondents still disapprove of Kishida's handling of the scandal.

Asian markets, excluding Shanghai, defied the negative sentiment on Wall Street and rose on Monday, led by Hong Kong's Hang Seng and Tokyo's Nikkei 225. Meanwhile, the S&P 500 extended its losing streak to three weeks, weighed down by concerns about rising interest rates and disappointing earnings from major tech companies.