Key Points
MSCIs broadest index of Asia-Pacific shares outside Japan jumped 1% on Friday, heading for its first March gain in four years with a rise of 2.9%, as fears of a global banking crisis receded...
Asian shares were headed for a second quarterly gain on Friday while bonds were enjoying the best month since 2008, but the market was braced for a stormy session after an upside surprise in German CPI raised the stakes for U.S. inflation data..
Also making headlines on Friday, Donald Trump was indicted after a probe into hush money paid to porn star Stormy Daniels, becoming the first former U.S. president to face criminal charges even as he makes another run for the White House...
The Dow Jones rose 0.4%, the S&P 500 gained 0.6% and the Nasdaq Composite added 0.7%.Markets are shifting their focus back to the inflation vigil and the outlook for interest rate hikes on hopes that the recent bank turmoil has been largely contained...
A slower than expected decline in German inflation has raised the stakes for U.S. personal consumption expenditures (PCE) inflation, tracked by the Federal Reserve for monetary policy, later in the day.Economists are expecting the PCE index to ease to 0.4% in February from January when it rose 0.6%.However, there is still an expectation that banks will tighten lending following the troubles at three regional U.S. banks and the Credit Suisse takeover, so central banks do not have to hike more...
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