Thursday March 18, 2021
The stock market day
Fed statements put investors in Asia in a buying mood
They are once again under the spell of Wall Street Stock markets in East Asia. After the "deaf" remarks by US Federal Reserve Chairman Jerome Powell, the Investors there shown encouraged and bought stocks while the dollar was under pressure. Powell pledged to support the economy until it recovered from the consequences of the corona.
Previously cherished fears turned out to be unfounded, because the monetary authorities let themselves be from the higher bond yields not tempt you to change the course of their extremely loose monetary policy with very low interest rates.
In Japan it is increasing Nikkei-225 by 0.9 percent to 30,176 points, however, significantly higher profits on the overall market melted away in the course of the day. The one with the Dollar weakness, yen firmer act a bit slowing down. In addition, according to a report, the Bank of Japan will have one at its meeting tomorrow, Friday Expand their target range for returns could discuss – this is interpreted as a conceivable start for higher key interest rates. While this dampens the euphoria in the stock market, bank stocks benefit from the speculation. Mitsubishi UFJ Financial Group are up by 4.9 percent and Sumitomo Mitsui Financial Group by 3.7 percent.
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