Asian Stock Market: China, RBA entertain bulls amid sluggish play, Fed’s Powell eyed – by anilpanchal7 Asia RiskAppetite Equities China CentralBanks
mportant semi-annual testimony. Adding to the optimism could be the headlines surrounding the Reserve Bank of Australia and China, as well as upbeat data from Australia and Beijing. However, the cautious mood ahead of the key event restricts the market mood, aided by the Indian holiday.
On the other hand, an improvement in China’s international trade figures for February joins the hopes of more stimulus from the Communist Party to underpin positive mood in China, led by a nearly 1.0% intraday gain of the Hang Seng. It’s worth noting that stocks in New Zealand print mild gains amid a lack of a major fresh catalyst while India’s holiday adds to the Asia-Pacific markets’ inaction.
Moving ahead, a lack of major data/events before Fed Chair Powell’s testimony may restrict the market moves amid caution. Though, any hawkish surprise from Powell won’t be taken lightly.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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