Monday April 17: Five things the markets are talking about
Global equities and the 'mighty' dollar have again dipped overnight while U.S Treasury yields have fallen to new five-month lows after soft U.S data on Friday hurts investor sentiment already in distress by worries over North Korea and upcoming French elections.
Note: U.S. retail sales dropped more than expected in March (+0.0% vs. +0.2%) while annual core inflation slowed to +2.0%, the smallest advance since November 2015, from +2.2% in Feb.
A raft of Chinese economic data (see below) beat market expectations, but did not produce a notable market reactions, as investors had been already optimistic following a recent string of positive China numbers.
In Turkey, President Erdogan snatched a victory in a referendum Sunday to grant him sweeping powers in the biggest overhaul of modern Turkish politics.
Note: Markets in Australia, New Zealand and Hong Kong, as well as most European exchanges, are closed for Easter Monday.
Global equities and the 'mighty' dollar have again dipped overnight while U.S Treasury yields have fallen to new five-month lows after soft U.S data on Friday hurts investor sentiment already in distress by worries over North Korea and upcoming French elections.
Note: U.S. retail sales dropped more than expected in March (+0.0% vs. +0.2%) while annual core inflation slowed to +2.0%, the smallest advance since November 2015, from +2.2% in Feb.
A raft of Chinese economic data (see below) beat market expectations, but did not produce a notable market reactions, as investors had been already optimistic following a recent string of positive China numbers.
In Turkey, President Erdogan snatched a victory in a referendum Sunday to grant him sweeping powers in the biggest overhaul of modern Turkish politics.
Note: Markets in Australia, New Zealand and Hong Kong, as well as most European exchanges, are closed for Easter Monday.