Friday, 9 March 2018

Good Morning!

Bank of Japan keeps monetary settings unchanged. Sticks to its upbeat view on the economy say massive stimulus program is helping drive up inflation toward its elusive target.
The European Central Bank as expected left interest rates unchanged and also the QE program.
US indexes closed higher yesterday after President Trump appeared to soften his stance on trade tariffs easing the ongoing trade war fears. Said Canada and Mexico would be exempt and that other countries could apply for exemptions. Asian equities made guarded gains today morning on news North Korean leader Kim Jong Un had offered to stop nuclear and missile testing and to arrange a meeting with US President.
The Dollar index moved up above the 90 handle and The Rupee against the Dollar is seen opening at 65.10 with expectations to trade mildly weak between 64.90 & 65.30 for the day.

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