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Stocks in Asia traded mixed today. S&P/ASX 200 gained 0.66%, Kospi traded flat, Nikkei dropped 2.07% and indices from China moved higher
DAX futures point to a slightly lower opening of the European session
Turkish lira plunged after President Erdogan fired CBRT Governor Naci Agbal. Decision comes after CBRT hiked rates by 200 basis points on Thursday. Societe Generale said Turkey may find it hard to avoid another currency crisis now
Reuters reports that European Union wants to limit AstraZeneca vaccine exports to the United Kingdom
There was no breakthrough during the US-China talks last week
Fed’s Barkin said that rising yields reflect better outlook for the economy and that he expects US economy to have strong spring and summer 2021
Renesas Electronics, second largest automotive chip manufacturer in the world, halted production at Japanese plant after a fire. Nikkei reports that production may be halted for as long as three months
New Zealand will announce a decision on the Australia-New Zealand travel bubble on April 6. Both countries are handling pandemic really well
South Korean exports increased 16.1% YoY during the first 20 days of March. Imports increased 16.3% YoY
Goldman Sachs expects $4 trillion more stimulus from the Biden Administration. Bank expects that it will be financed with higher taxes to some extent
Bitcoin trades near $57,000
Natural gas oil and precious metals trade lower
CAD and JPY are the best performing major currencies while CHF and USD lag the most
Turkish lira plunged after President Erdogan fired CBRT governor. USDTRY launched a new week with an over 16% bullish price gap and has reached an overnight high at 8.4110. The pair tried to erase gains later on but pullback was halted at the 7.75 swing level.