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Easing in India, U.S. auto sales slump persists, and Apple’s rosy outlook. Here are some of the things people in markets are talking about.

RBI 

The Reserve Bank of India is set to lower its benchmark repurchase rate by 25 basis points to 6 percent in a decision slated for release at 6 p.m. Tokyo time, with traders looking to see whether there'll be more monetary stimulus coming down the road. Tumbling inflation, at record lows in June, gives the central bank room to ease policy. India's biggest lender already delivered a cut of its own earlier this week -- to the rate it pays on savings deposits. 

Auto Fails

U.S. auto sales in July signaled enduring softness in the spaceThe big three American automakers posted sales declines that were larger than analysts anticipated, while most foreign automakers managed to exceed expectations. Shares of Ford Motor Co. and General Motors Co. slumped 2.4 and 3.4 percent on the day, respectively.  Broad U.S. equity gauges, however, moved higher Tuesday. The greenback rebounded, rising against all its G10 peers outside the Swiss franc, while 10-year Treasury yields slumped on underwhelming July auto sales data.

Take A Bite 

Shares of Apple Inc. surged more than 6 percent after-hours following its report of a stellar set of quarterly results, exceeding expectations on the top and bottom lines. More importantly, the firm said it anticipates sales of $49 billion to $52 billion in the three months ending September, a period that is expected to include the launch of a new model of the iPhone. CEO Tim Cook didn't discuss any future products with Bloomberg's Emily Chang, though the tech giant plans to start selling a smart speaker in December.

Coming Up...

There's more than the Reserve Bank of India on the docket Wednesday. Due out is second-quarter job data from New Zealand, which is forecast to show the unemployment rate dipping to 4.8 percent though job growth decelerates to a pace of 0.7 percent quarter-on-quarter. Australian building approvals are projected to have risen 1 percent month-on-month in June on the heels of May's 5.6 percent decline. Bank of Japan policy board member Yukitoshi Funo is also scheduled to deliver a speech at 10:30 a.m. Tokyo time.

Futures Mixed

Nikkei 225 futures are in positive territory ahead of the open while S&P/ASX 200 futures trade modestly to the downside. The Aussie dollar slumped against most major currencies Tuesday as the Reserve Bank of Australia left rates unchanged at record lows and warned that the currency's prior strength will weigh on inflation and growth. The Hang Seng China Enterprises Index closed at its highest level since August 2015 Tuesday, buoyed by financials and energy firms.

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