OVERVIEW OF GLOBAL NEWS THIS WEEK.

19.03.2021
Market News

1) Federal Reserve (Fed) President Jerome Powell sticks to a “dovish” stance; The Fed will keep interest rates close to zero until 2023.

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2) Powell: The Fed will provide an update on the “extra leverage ratio” (SLR) exemption in the coming days.

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3) Jobs in Australia in February recorded an increase of up to 88.7K; far exceeds the 30K budget.

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4) Wall Street Journal: China plans to ask the United States to stop Trump-era policies.

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5) China wants a Biden-Xi meeting next month if negotiations in Alaska between top officials go smoothly.

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6) Dutch Prime Minister Mark Rutte will continue his leadership for a 4th term as PM with the success of his VVD party in the elections.

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7) Norway’s Central Bank - Norges Bank - is expected to keep interest rates at its meeting on Thursday.

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8) ING: The Turkish central bank will increase the rate by 100 basis points to 18%.

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9) The United Kingdom faced a shortage of supply of Covid-19 vaccine for 4 weeks.

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10) Deputy Prime Minister of New Zealand: Getting closer to an agreement with Australia for travel corridors.

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11) North Korea states it has rejected U.S. attempts to negotiate and communicate.

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12) US Secretary of State Antony Blinken: Will consider pressure and diplomatic options against North Korea.

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13) Australian 10-year bond yields rose 10 basis points to 1.82%.

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14) Brazil’s central bank raises interest rates by 75 basis points; more than expected.

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15) Gold prices strengthened after the Fed maintained a “dovish” stance on interest rates.

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16) Apple plans to announce a new iPad Pro model as early as April.