Stocks Face Mixed Start After 2019's Worst Week

11.03.2019 / 00:48

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Stocks in Asia looked set to start mixed Monday following the worst week for global equities since mid-December. Futures indicated Japan could eke out small gains when trading begins, while markets in Hong Kong and Australia pointed to declines.

The yen climbes and the pound fell as Brexit talks wavered ahead of a key vote in parliament on Prime Minister Theresa May’s revised deal.

Investors are adopting a cautious stance after a strong start to the year for risk assets amid signs of struggling global growth. Citigroup Inc.’s global economic surprise index fell to its weakest since 2013 and the European Central Bank’s fresh injection of stimulus showed the extent of its concern on the regional slowdown. Next up will be a slew of data from China this week that could give fresh clues on the impact of its easing policy after weak credit data.

On the trade front, China and the U.S. are in general agreement on many crucial issues and have held meaningful discussions on foreign exchange, People’s Bank of China Governor Yi Gang said.

Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.

Trader Georgi Bozhidarov

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Stocks Face Mixed Start After 2019's Worst Week

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