Talk of more stimulus from China helped world share markets regain some ground on Monday after a slew of concerning economic data and growth warnings from central banks triggered their worst weekly performance so far this year.
“However, it would not completely eliminate the hard Brexit risk which could still come at the end of a delay or as a result of a second referendum,” he added. “This makes March rate hike from Norges Bank a complete done deal, which is a positive for the currency,” Nordea strategists said.The optimism over Norway’s economic outlook was in contrast to the general caution over the broader European economy after the European Central Bank last week slashed its growth forecasts for 2019 and postponed its expectations of a first rate hike.
Overnight, MSCI’s broadest Asia-Pacific index had climbed 0.4 per cent, paring a quarter of Friday’s 1.6 per cent fall. Japan’s Nikkei gained 0.5 per cent too after four consecutive sessions in the red last week.China’s blue-chip CSI300 index jumped 1.9 per cent after Friday’s 4.0 per cent fall, which followed poor trade data and a major local bank issuing a rare “sell” rating on a major insurer.
Bond markets were still digesting Friday’s news that the U.S. economy created only 20,000 jobs in February, the weakest reading since September 2017. While job growth was weak, average hourly earnings rose 11 cents, or 0.4 per cent, raising the annual increase to 3.4 per cent, the biggest gain since April 2009.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »