Bloomberg:
Asian Bonds Gain While China Shares Extend Rally: Markets Wrap
Political uncertainty continues to drive financial markets, with Asian bonds following a rally in Treasuries. China shares in Hong Kong headed for a 14-month high, while the New Zealand dollar slid after the central bank signaled discomfort with the currency’s strength and odds of an interest-rate increase were lowered.
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Bloomberg:
OPEC Ministers Say the Market Might Need More Oil Cuts
OPEC and other major crude-producing nations may need to extend output cuts into the second half of the year to re-balance the market, oil ministers for Iran and fellow group member Qatar said.
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Bloomberg:
RBNZ Sees Rates Staying at Record Low For Prolonged Period
New Zealand’s central bank damped market expectations of an interest rate increase later this year, saying it plans to keep borrowing costs at a record low for a prolonged period as inflation returns only gradually to target.
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Bloomberg:
Analysts Aren’t Buying Sterling Rebound as Brexit Deadline Looms
The pound fell for the fourth time in five days as currency strategists remain unconvinced by its rebound in the past month, with their forecasts for the end of the second quarter rooted at the lowest level on record.
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Reuters:
Asian stocks at 18-month highs as China rises
Asian shares climbed to their highest in more than 18 months on Thursday, as investors grew more confident about China while the dollar slightly firmed in the wake of growing concerns over political instability in Europe.
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CNBC:
Jump in US crude imports to reverse in March: Goldman
The recent jump in U.S. crude imports could reverse from March as major oil exporters start cutting production, Goldman Sachs analysts said in a note.
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CNBC:
Asia stocks mostly higher as crude oil and gold prices get a lift
Asian shares retraced earlier losses to trade higher on Thursday, as crude and gold prices also climbed.
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