Sterling drew some comfort from the fact the EU granted an extension to the Article 50 negotiating period until April 12. In spite of an advancing dollar, the British pound retested 1.31 Friday as support and reclaimed 1.32+ status into the week’s end.
Global Markets: Asian Stock Markets : Nikkei up 0.09%, Shanghai Composite up 0.06%, Hang Seng down 0.18%, ASX up 0.45% Commodities : Gold at $1310.65 (+0.26%), Silver at $15.53 (+0.58%), Brent Oil at $67.92 (+0.09%), WTI Oil at $59.99 (+0.02%) Rates : US 10-year yield at 2.528, UK 10-year yield at 1.067, Germany 10-year yield … Continue reading Friday 22nd March: Asian markets mixed on Fed sentiment.
US dollar rebounded Thursday, reclaiming a large portion of Wednesday’s lost ground after the Federal Reserve jolted markets by abandoning all plans to raise interest rates this year.
Global Markets: Asian Stock Markets : Nikkei up 0.20%, Shanghai Composite up 0.35%, Hang Seng down 0.65%, ASX up 0.03% Commodities : Gold at $1318.65 (+1.30%), Silver at $15.61 (+1.89%), Brent Oil at $68.53 (+0.04%), WTI Oil at $60.13 (-0.17%) Rates : US 10-year yield at 2.526, UK 10-year yield at 1.146, Germany 10-year yield … Continue reading Thursday 21st March: Asian markets higher as Fed hits the brakes.
The US Federal Reserve, as expected, kept interest rates unchanged at 2.25-2.50% Wednesday. The trajectory of rate hikes was also narrowed, with the central bank stating it will not hike interest rates this year amid a slowing economy.
