Global finance chiefs ended talks in Washington mixing concern toward the current state of the world economy with confidence that it will soon rebound. The shift away from tighter monetary policy by central banks, recent stimulus in China and easing trade tensions were hailed as reasons to hope the slowdown will prove short-lived although nobody forecast a renewed boom.
Stunning ComebackTiger Woods, 43, won the Masters on Sunday, capturing his fifth green jacket and 15th major title — his first in more than a decade — in one of the most stunning turnarounds in sports history. It was the first major title since 2008 for Woods, once golf’s most dominant figure until a high-profile sex scandal, divorce and multiple injuries led to a very public fall from grace.
Market OpenAsian equity futures are pointing to a higher open after U.S. stocks closed out another winning week on Friday. The S&P 500 gained, punching through the key 2,900 level for the first time in six months on solid bank earnings and a big deal in the energy sector. The 10-year Treasury yield pushed to the highest level in nearly a month, while the dollar and gold were both lower.
Indonesian ElectionIndonesian President Joko Widodo, bidding for a second five-year term to run the world’s largest Muslim-majority nation, arrived in Saudi Arabia for a pilgrimage to the holy city of Mecca days before the election on Wednesday. Widodo, known as Jokowi, met with Saudi King Salman bin Abdulaziz in Riyadh on Sunday and is also scheduled to call on Crown Prince Mohammad bin Salman.
Draghi and the Fed’s IndependenceEuropean Central Bank President Mario Draghi took the rare step of weighing in on the hot debate over whether President Donald Trump is undermining the independence of the Federal Reserve. Speaking to reporters at the IMF meetings in Washington, Draghi said on Saturday he was “certainly worried about central bank independence” and especially “in the most important jurisdiction in the world.
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