Asian markets start week on positive changes

Economies.com
2019-03-18 03:42AM UTC

Asian stocks opened the week on green, supported by Japan's trade surplus, which boosted the performance of Japanese stock indices leading to rallies on Monday, while investors looked forward to developments in the trade negotiations between Washington and Beijing as well as the third vote of the British parliament on Tuesday. About the UK exit agreement from the EU.

 

Markets are also looking closely at tomorrow's and Wednesday meeting of the Federal Open Market Committee in Washington, where Fed policymakers may keep interest rates at 2.25% to 2.50% as well as the reveal of Commission's growth forecasts , Inflation and unemployment data in addition to the future interest on federal funds for the next three years.

 

Members of the Federal Open Market Committee are expected to continue trimming bond purchases by $50 billion a month amid estimates of revealing plans to limit bond purchases later this year, especially after the committee reported at its last meeting its patient tendency on monitoring economic data before resuming monetary policy tightening.

 

In another context, we followed last weekend, US Secretary of State Mike Pompeo saying that the upcoming summit between US President Donald Trump and his Chinese counterpart Xi Jinping may take place in mid-April or the end of next month, following the report that touched on the recently postponed summit, which was supposed to take place this month.

 

Otherwise, Xinhua news agency reported, that Chinese Vice Premier Liu He made telephone calls to US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Leitzer as part of efforts to reach a deal between the two sides to resolve trade disputes and reach a trade deal, to avoid The world's biggest economies a trade war.

 

Japanese stock indexes rose in today's trading, with Japan's Topix index rising  by 0.47% to 6.80 points up to the level of 1,609.43, in addition to Nikkei 225 index rising 0.59% to 127.41 points, reaching 21,578.26 points. 

 

China's indices also saw a rise of more than 1%. CSI 300 index gained 1.19% or (44.64 points), up to 3,789.64. Shanghai Index rose 0.89% or 26.89 points, up to 3,046.64.

 

Hong Kong's Hang Seng Index rose 0.62% or (180.89 points) to 29,193.15. The South Korean Kospi Index rose 0.05% (0.99 points) and reached 2,177.10.

 

To NZX 50 index of New Zealand stocks, which rose 0.21% (20.01 points) and reached 9,493.28, while the Australian S & P / ASX 200 rose 0.21% to win 13.03 points to reach 6,188.20 .

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