HomeEconomyMarketmind: For tight markets, watch out for March's slide Economy Marketmind: For tight markets, watch out for March's slide By farahat March 1, 2023 0 86 views Share FacebookTwitterPinterestWhatsApp us Y… +2.% Add to watch List/Remove from Watchlist Add Watchlist Add location Location n added successfully: Please name your portfolio type: purchase Sell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 1: 1: 10 1: 10 1: 1: 16 Committee: 2021 23705 2021 400 CREATE NEW WATCHLIST CREATE 2021200 100 Create a new holding portfolio Add Create 23705 200 + add another position to close · McGiver (Reuters) – Jamie McGeever looks ahead to the Asian market. Chinese reflation and US inflation. Here’s the broad market picture painted by global manufacturing PMIs Two big Wednesday t economies, Asian stock markets ex-Japan soar 2 %, posting their best one-day gain in two months, as two of Wall Street’s three major indexes tumbled. How Asian markets traded on Thursday for the second day of the month may come down to which of the two forces has maintained the most momentum. Wednesday’s China-U.S. manufacturing purchasing managers’ index data has a strong influence. China reopens from years of COVID – The blockade seems unusual. Manufacturing activity exploded in February, expanding at the fastest pace in more than a decade, with new export orders rising for the first time since April 05. On top of that, the Chinese consumer is coming back to life, with some of the world’s top consumer goods and luxury goods companies saying sales in China are picking up again. However, the U.S. manufacturing PMI report triggered a massive sell-off in both risky assets (stocks) and safe assets (bonds) – the fourth consecutive year of activity in 2018 The monthly contraction rose consecutively, but the increase in the price paid index far exceeded economists’ expectations. As more evidence of inflationary pressures emerges, another string of hawkish comments from Fed officials leads to 50 Year Treasury Bond Yield ) up to 4% with a 2-year yield of 5. 05%. Rising bond yields, interest rates and inflation expectations are not limited to the US – Eurozone PMI The index also highlighted stagflationary pressures, while inflation expectations in the euro zone were at their highest in more than December and in rare cases surpassed their US counterparts. Can Asian markets withstand these pressures on Thursday and take inspiration from China’s economic recovery again? No top Asian economic data releases – Korean retail sales, Australian building permits and Japanese consumer confidence – leaving Eurozone inflation in February Data was perhaps the biggest market mover of the day. Here are three key developments that could provide more direction for Thursday’s markets: – Korea Retail Sales (February) – Australian Building Permits (February) – Japan Consumer Confidence Index (February)50 (author: Jamie McGiver; Editing by Josie Kao) Share FacebookTwitterPinterestWhatsApp Previous articleTravis Kelce Destroys Studio as Indiana Jones in 'Saturday Night Live' PromoNext articleStreaming the Bakugan Saga Anime on Netflix farahat RELATED ARTICLES Economy Amtrak wants $7.3 billion in U.S. funding for infrastructure projects June 5, 2023 Economy SEC sues Binance founder Zhao for violating securities laws June 5, 2023 Economy Exclusive: EU Commission says Mercosur trade deal a priority in its search for new allies June 5, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Jimmy Butler says 'don't give a damn factor' for Heat's Game 2 win over Nuggets June 5, 2023 Bitcoin Ordinals Releases Upgrade to Address ‘Cursed Inscriptions’ Problem June 5, 2023 Bitcoin Current Position Is Sensitive, Glassnode Explains Why June 5, 2023 Cardano Founder Urges ADA Investors to Beware of New Scams June 5, 2023 Load more Featured NEWS How to Take Really Deep Breathing to Relieve Stress and Anxiety August 21, 2022 Rihanna on Savage x Fenty Volume 4, Becoming a New Mom and the Super Bowl November 7, 2022 Matt Damon and Ben Affleck say new production company aims for 'fairer' talent experience November 21, 2022 Ethereum Scores Over 7% Gains, What’s Up? October 30, 2022 Load more
