Market optimism rises in Asia ahead of key inflation and bank earnings reports.
Asian markets are holding firm ahead of the U.S. inflation figures, with India's consumer price inflation for March topping the regional economic calendar on Wednesday. The IMF has trimmed its global growth outlook for this year and next as higher interest rates bite, and warned that the risk of "perilous" financial turmoil could slash output to near recessionary levels. U.S. Treasury Secretary Janet Yellen was more optimistic about global economic growth and warned against overdoing the 'negativism'.