- Asian Stock Markets : Nikkei down 0.46%, Shanghai Composite up 0.04%, Hang Seng down 0.20%, ASX down 0.17%
- Commodities : Gold at $1780.45 (+0.02%), Silver at $26.30 (+0.33%), Brent Oil at $65.40 (+0.57%), WTI Oil at $62.28 (+0.60%)
- Rates : US 10-year yield at 1.583, UK 10-year yield at 0.766, Germany 10-year yield at -0.252
News & Data:
- (CNY) CB Leading Index m/m 1.00% vs 1.10% previous
- (EUR) Belgian NBB Business Climate 4.4 vs 1.7 expected
- (USD) Durable Goods Orders m/m 0.50% vs 2.50% expected
- (USD) Core Durable Goods Orders m/m 1.60% vs 1.60% expected
- (EUR) German ifo Business Climate 96.8 vs 97.8 expected
Asian stocks ended flat to slightly lower on Tuesday as climbing Covid-19 cases in emerging economies including India and Brazil dented hopes for a swift global economic recovery. Traders also awaited the Federal Reserve’s monetary policy announcement and Chairman Jerome Powell’s comments on the economy for directional cues.
Chinese shares ended little changed even as official data showed profits at China’s industrial firms nearly doubled in March from a year ago. Mainland Chinese stocks nudged higher on the day, with the Shanghai composite traded flat while the Shenzhen component advanced 0.3%.
In Japan, the Nikkei 225 fell 0.5% while the Topix index declined by 0.8%. Australian markets fell but ended well off their day’s lows amid renewed concerns over a surge in coronavirus cases in countries like India, Japan and Brazil.
Australian markets fell but ended well off their day’s lows amid renewed concerns over a surge in coronavirus cases in countries like India, Japan and Brazil. Oil rebounded after top oil producers stood by their demand forecasts, but there are still downside risks due to surging COVID-19 cases in India, the world’s third-biggest oil importer.
- Tentative GMT – (JPY) BOJ Outlook Report
- Tentative – (JPY) Monetary Policy Statement
- Tentative – (JPY) BOJ Press Conference
- 02:00 PM GMT – (USD) CB Consumer Confidence
- 08:00 PM GMT – (CAD) BOC Gov Macklem Speaks