China has set a modest goal for economic growth in the coming year. Sundays: Approximately 5%It is poised for the largest government overhaul in a decade. It’s a disappointment for the markets USD Pressure. Yields Recession 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 has the highest share of sensitive tech stocksJust like the US, after Richardmond Fed President comments Thomas Barkin that inflation is “It is likely that the peak has passed.” which helped to rein in long-term Treasury yields from multi-month highs. Atlanta Fed chief Raphael Bostic A peak in rates could be expected in summer, it was hinted at.
- USD Under pressure, retested 104.34 Low. EUR This extends to 1.0640, For the 2nd consecutive day. JPY Dipped 135.30 But has inclination to 135.70 now. Sterling Jump 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 Increased by 0.2% UK100 Futures are flat.
- Commodities – USOil – holds gains above $78.80 EIA small supply gains seen last week as markets evaluate prospects for…
