"Blue JOLT sends markets soaring in morning bid"

Inflation data, PMIs, and an interest rate decision will be released in the Asian session on Wednesday, while investors remain defensive following the latest warning that the US economy is losing steam. Falling yields and increased rate cut expectations are not supporting stocks and risk assets, and recession fears are growing. The Reserve Bank of New Zealand is expected to hike by 25 bps, but investors will scrutinize the accompanying commentary for any hints of an end to its tightening cycle.