China has set a modest target of economic growth for this year. Sundays: Approximately 5%The government is set to undergo the largest shake-up in over a decade. It’s a disappointment for the markets USD Pressure. Yields Receipt and Stocks extend rally today after Friday’s strong close. Data releases that were stronger than expected have rekindled tightening speculation and kept local stocks in check.
Rate–Japan’s sensitive tech shares outperformed JapanJust like the US, it is now, following comments by Richardmond Fed President Thomas Barkin that inflation is “Most likely past peak” which helped to rein in long-term Treasury yields from multi-month highs. Atlanta Fed chief Raphael Bostic It was suggested that rates could reach a new high in the summer.
- USD Retested under pressure 104.34 Low. EUR This extends to 1.0640, A 2nd Day in a Row. JPY Dipped 135.30 However, he has been inclined to 135.70 now. Sterling Jumped to 1.2040 but failed to exit February’s range.
- Stocks – Overtightening comments by FED officials led to the US markets rallying. Movers – US500 +1.61% 4054, US100 +1.97% 12341, US30 +1.17% 33408, GER40 Up 0.2% UK100 Futures are flat.
- Commodities – USOil – holds gains above $78.80 EIA: Small supply gain last week, as markets weigh prospects…