EUROPE Asia stocks bounce as dovish central banks lift the mood

South Korea's Kospi leapt 1.5% after the Bank of Korea held rates

for a second consecutive meeting, resisting any pressure from bets that the U.S. Federal Reserve would be hiking rates by a quarter point in May.from China, which gives the PBOC leeway for more supportive measures to help along the economic reopening. The local stock price reaction was muted though: Hong Kong's Hang Seng was up 0.9% while mainland benchmarks were flat.

The good mood belied a ramp up in China-U.S. tensions after the Asian superpower staged three days of militaryChina's relationship with Australia seems to be thawing, however, with the trade partners resolving a dispute over barley, boosting the Aussie dollar. Bitcoin, meanwhile, soared as high as $30,438 in Asia for the first time in 10 months, smashing out of recent ranges.

Europe returns to trading with very little on the economic calendar aside from euro zone retail sales for February and the Sentix business survey.Sentix index

First time I've seen a bank referred to as 'dovish'. I mean really, what would a 'pro-war' bank even look like... Deutsche Bank. It would look a lot like Deutsche Bank. Sorry. Silly question. ...carry on. DeutscheBank TooBigToBail HumanRights

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Explainer: Why European money market funds inflows are lagging behind the U.S. torrent?In Europe, investors put $19.3 billion into euro-denominated money market funds in March, Refinitiv Lipper data shows, when the Credit Suisse crisis rocked markets. But the inflows in Europe pale in comparison to the torrent that swept into US funds US Treasury printing daily more $$$ having debt anywhere from $30 to $180 trillion bringing World economies down and creating unstoppable inflation. Countries must stop trading in US dollars to save own currency/economy from collapse and US blackmail/sanctions.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »