Archives of “March 2019” month
rssNikkei 225 falls 3% to close at 20,977.11
A torrid session for Asian stocks following negative tones in Wall St on Friday

Asian equities are carrying over the glum mood seen at the end of last week as global growth fear continues to reverberate into the new week. Worries about a recession saw bonds rally on Friday and we’re seeing a bit more similar tone in stocks to start the week.
Currencies are more calm though, despite US equity futures being 0.4% lower, with USD/JPY recovering off the lows to stay near the 111.00 handle now. Most other major currencies are also rather unchanged against the dollar with Treasury yields staying more calm for the time being.
Let’s see if we’ll get any further continuation of the risk-off tone in the session ahead.
An Update :US Dollar Index ,Euro ,INR ,YEN ,GBP ,CAD ,AUD ,CRUDE ,GOLD ,SILVER ,DJIA ,SPX ,Nasdaq Composite -Anirudh Sethi
The Federal Reserve was more dovish than expected, but that did not stop the dollar from appreciating against most of the major currencies last week. Even the Norwegian krone, which one would have thought would have been better supported following the central bank’s rate hike, closed lower on the week. Among the majors, the yen and Swiss franc were resilient in the face of the dollar’s strength.
The dollar also rose against many of the high-beta emerging market currencies, like the Turkish lira, the South African rand, the Hungarian forint, and Argentina’s peso. The Mexican peso was an exception. It had rallied nearly 1.8% until surrendering 2/3 ahead of the weekend, managing to close 0.6% stronger. The Indian rupee gained for the fifth consecutive week, but the momentum appears to be fading, setting the stage for a near-term pullback. The Hong Kong Monetary Authority intervened last week to further weakness, and helped by the fall in US yields, saw some success by the end of the week. The Hong Kong dollar gained 0.03% against the US dollar last week.
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BOJ’s Kuroda: If long-term rates were to rise in the future, pace of rise will be gradual
Further comments by Kuroda

Yup, he just commented again saying that he doesn’t see a scenario in which yields will “shoot up”. Just wanting to let traders/investors know of their presence.
AUSTRALIA’S 10-YEAR BOND YIELD DROPS TO ALL-TIME LOW

Brexit – UK press want PM May to resign
The UK Sun front page, everyone’s got an opinion!
Again with the knives for the PM. Calls for PM’s May’s resignation have been ongoing since the day she took the top spot. So far she has outlasted the lot of them. One day they’ll (finally) get it right and be patting themselves on the back. Plonkers.

Coming up in US China trade talks, March 28 and April 3 the next dates to watch.
And the end of April, that’s the target for pencilling in a trade agreement.
Coming up sooner, though, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will be in Beijing for negotiations, the Chinese side led by Vice-Premier Liu He
- This is on Thursday 28 March
Chinese officials, led by Liu will the visit the US on 3 April for more talks.

Japanese stock markets opening rather weak, Nikkei 225 down more than 2%
Topix and Nikkei both down more than 2% as trade gets underway for the week in Japan equity markets
US markets ended last weak on a soft note, flowing through into Asia this morning, as if normally the case. The inverting US yield curve heightening investor fear.

Thought For A Day

Fed hikes vs. $SPX
