Latest Market Developments from Asia-Pacific region - March 4, 2024

Monday, 4 March 2024, 04:28

The post covers a range of significant financial news, including updates on OPEC's decision to extend output cuts, economic struggles in China, Japan's potential declaration to end deflation, and increased sales in Hong Kong's property market. Notable mentions include US politics update, Euro weakness, and Australian economic data. The overall trend indicates cautious optimism in regional equities amidst ongoing market uncertainties.
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Latest Market Developments from Asia-Pacific region - March 4, 2024

ForexLive Asia-Pacific FX News Wrap

Exploring the Potential for Further Growth in US Equities. Euro weakness ahead?

Key Points:

  • JP Morgan holds short on EUR/CHF
  • Federal Reserve Bank of Philadelphia President Patrick Harker to speak on Monday
  • More on Japan's government considering declaring an end to deflation
  • USD/JPY bounces back over 150.20 after drop
  • US politics: Nikki Haley wins the District of Columbia Republican primary
  • Bank of Japan Governor Ueda to speak Tuesday
  • PBOC sets USD/CNY reference rate for today at 7.1020
  • Japanese media headline on official end to deflation
  • Australian data and more insights on China's economic struggles revealed
  • BoA raises S&P 500 forecast for 2024
  • Federal Reserve Chair Powell to speak twice this week

Regional equities see gains with oil prices reacting to OPEC's decision. Essential updates on economic growth targets, ECB meeting expectations, and upcoming events for the week mentioned.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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