MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent in early trade. The bond rally is being driven by expectation that RBI may go for sharper rate cuts under a new governor, widely speculated to be Arvind Panagariya. Meanwhile, crude oil has bounced back despite fear-mongering over a possible recession ahead in Britain.These and other news, views and cues in this morning's digest of what all changed for the market when you were sleeping. Global benchmark Brent crude futures rose 0.8 per cent to $46.41 per barrel in early Asian trade. The yen bounced back from two days of big falls earlier this week to trade at 104.10 to the dollar.

Source: Economic Times July 14, 2016 02:29 UTC