The drumbeats loader for rate cuts. Southeast asian leaders walking a fine line in the simmering trade war. We will bring you more from the meeting in bangkok and more with the Prime Minister of malaysia. Looking at how markets closed, it was a turbulent session not only because we saw the iranu. S. Tensions escalate but because futures and options expired on the same day on quadruple witching day. So at one point it was an intraday record high but then we thought ending. 1 down lower. Led by real estate firms. The dow falling. 1 as well after touching a high we have not seen since october. We had Energy Stocks gaining ground, the biggest on the s p 500 as we saw wti gain 10 last week on middle east tensions. At. Futures not doing much the moment. Lets see how we are shaping up. Sophie on friday asian stocks faltered but the benchmark managed to pull through with the best week of gains since january and this monday we have a lackluster start ahead for asian shares, kiwi under pressure.
The focus shifting from Central Banks back to trade ahead of the g20. President Trumps Administration up in the antiby blacklisting another five chinese tech companies. Yvonne perhaps dampening the prospects of getting any kind of deal at the g20. Seems like when it comes to the oil market this escalation of tensions with iran, it perhaps is offsetting what we saw last week on the markets. A lot of uncertainty on the geopolitical front. David on one hand you have that of grants. Terms great headline here out of bank of america. They released her latest report. G20 plus fmoc equals perhaps a good formula for ef. We are flat on the benchmark. Coming off three weeks of gains for global stocks. Four weeks of gains. Study in the treasury market. Flip the boards and look at where we are on the currency markets. Also on china. Where are we here . I am looking at a lot of the pairs. Dollar is still on the back foot. South korean yuan topping the list earlier. Looks like we will have a mediocre
The Bank of Thailand left its key interest rate unchanged on Wednesday, as expected, maintaining support for a fragile economic recovery facing global risks.
Thailand’s central bank held its benchmark interest rate unchanged for a 13th straight meeting to assess how much risk the Omicron variant poses to a fragile economic recovery. The Bank of Thailand’s rate setting committee voted unanimously to hold the one-day bond repurchase rate at a record-low 0.5 percent Wednesday,…