Blogs

Japan's GPIF, the world's largest pension fund, raises its allocation of foreign bonds in its portfolio from 15% to 25% ForexLive This matters quite a bit to the yen as an increase in foreign bond purchases could result in weakness in the yen on flow-based movement.  For some context, the GPIF houses around ¥160 tri

Latest data released by Markit – 24 March 2020 – Prior 52.6 – Manufacturing PMI 44.8 vs 39.0 expected – Prior 49.2 – Composite PMI 31.4 vs 38.8 expected – Prior 51.6 ForexLive

But Gove says most important thing now is to follow new rules – Government will review measures in three weeks – Some restrictions could be eased after review ForexLive

Latest data released by Markit/BME – 24 March 2020 – Prior 48.0 – Services PMI 34.5 vs 43.0 expected – Prior 52.5 – Composite PMI 37.2 vs 41.0 expected – Prior 50.7 ForexLive

Reuters reports, citing two sources within the Olympic movement Japanese prime minister Abe will be speaking on the phone with IOC president Bach later today and I would expect Bach to let Abe down easy on the matter.

Latest data released by Markit – 24 March 2020 – Prior 52.5 – Manufacturing PMI 42.9 vs 40.6 expected – Prior 49.8 – Composite PMI 30.2 vs 38.1 expected – Prior 52.0 ForexLive

EUR/USD is looking to keep above its 100-hour moving average ForexLive The pair has been consolidating losses around 1.0650 to 1.0800 over the past few sessions before we see a rise of more than 1% today back above the 1.0800 level.

A good start for stocks as the positive mood keeps up – Eurostoxx +3.2% – Germany DAX +6.0% – France CAC 40 +3.4% – UK FTSE +2.0% – Spain IBEX +3.5% ForexLive

New Zealand prepares for a nationwide lockdown to combat Covid-19.

While the Australian government rushed through to economic stimulus packages worth A$83.6 billion, it will now enter a five-month recess.