A firm greenback across the board weighed on the single currency Tuesday, despite US consumer confidence reporting lower-than-expected numbers. The Conference Board Consumer Confidence Index declined in March, after increasing in February.
Global Markets: Asian Stock Markets : Nikkei up 2.15%, Shanghai Composite down 1.75%, Hang Seng down 0.28%, ASX up 0.07% Commodities : Gold at $1325.15 (-0.29%), Silver at $15.50 (-0.44%), Brent Oil at $66.97 (+0.24%), WTI Oil at $59.22 (+0.68%) Rates : US 10-year yield at 2.430, UK 10-year yield at 0.973, Germany 10-year yield … Continue reading Tuesday 26th March: Asian markets higher after Monday’s fall.
Sentiment among German business leaders improved as the IFO Business Climate Index rose in March from 98.7 (seasonally adjusted) to 99.6 points.
Global Markets: Asian Stock Markets : Nikkei down 3.01%, Shanghai Composite down 1.70%, Hang Seng down 2.20%, ASX down 1.11% Commodities : Gold at $1321.35 (+0.20%), Silver at $15.44 (+0.23%), Brent Oil at $66.33 (-0.63%), WTI Oil at $58.52 (-0.88%) Rates : US 10-year yield at 2.437, UK 10-year yield at 1.017, Germany 10-year yield … Continue reading Monday 25th March: Asian markets lower as US yield curve.inverts
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.
