Reply To: Traders Market Weekly: A Magical Green First Quarter for Stocks

#73591
Truman
Participant

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

Markets in China and Hong Kong were closed for Ching Ming Festival.

Japan’s Nikkei: +0.8%,
Hong Kong’s Hang Seng: HOLIDAY,
China’s Shanghai Composite: HOLIDAY,
India’s Sensex: +0.5%,
South Korea’s Kospi: +1.3%,
Australia’s ASX All Ordinaries: +0.5%.

India
March Services PMI 61.2 (expected 60.3; last 60.6)

Australia
March Services PMI 54.4 (expected 53.5; last 53.1).
February Building Approvals -1.9% m/m (expected 3.0%; last -2.5%); 5.2% yr/yr (last 9.8%).
February Private House Approvals 10.7% m/m (last -9.9%)

New Zealand
February Building Consents 14.9% m/m (last -8.6%)

China
The People’s Bank of China said that it aims to create a suitable environment for an economic recovery since domestic demand is lacking.
Treasury Secretary Yellen said at the start of her visit to China that it is important for the U.S. and China to not decouple their economies.

Japan
The Bank of Japan’s latest regional economic report downgraded the view for seven out of nine regions.
Nikkei reported that the U.S. and Japan will likely announce an expansion of defense and industrial agreements when President Biden meets Prime Minister Kishida on April 10.