Reply To: Traders Market Weekly: Rates, Banks and Herd Mentality


Equity indices in the Asia-Pacific region ended Thursday on a mostly higher note.

Japan’s Nikkei: -1.5%,
Hong Kong’s Hang Seng: +0.9%,
China’s Shanghai Composite: +0.6%,
India’s Sensex: +0.9%,
South Korea’s Kospi: -0.3%,
Australia’s ASX All Ordinaries: +1.0%.

Markets in Australia, Singapore, Hong Kong, India, and New Zealand will be closed for Good Friday tomorrow.
March ANZ Business Confidence 22.9 (last 34.7).
February Housing Credit 0.4% m/m (last 0.4%)
Private Sector Credit 0.5% m/m (expected 0.4%; lats 0.5%).
February Retail Sales 0.3% m/m (expected 0.4%; last 1.1%).
MI Inflation Expectations 4.3% (last 4.5%)

Nikkei (-1.5%) underperformed, dipping from record levels, ahead of tonight’s release of Tokyo CPI.
Japanese government will stop subsidizing electricity and gas in June.
Standard & Poor’s affirmed Japan’s A+ rating with a Stable outlook.

China’s largest copper smelters are planning to reduce output by up to 10% in Q2.