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  • Editor’s Picks / 6 minutes ago

    Year of the goat looks bullish for Asian equities

    Cuffelinks.com.au
    Since 1973, the Year of the Goat has generated the highest average returns of the 12 zodiac symbols, averaging 45.3% a year. Leaving superstition aside, there are fundamental reasons why Asian equity markets can make like a bull this year. Notwithstanding the risk of war – currency, physical or in cyberspace – Asian equity fundamentals look attractive. Earnings expectations for Asia excluding Japan are the most realistic they have been in years. Consensus is forecasting EPS growth of 9.5%. Another positive is that Asian governments are implementing reforms that are are critical to overcoming structural weaknesses. All in all, there is a strong case for being a bull in the Year of the Goat.
    Read article on Cuffelinks.com.au
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  • Editor’s Picks / 46 minutes ago

    Branchless banking program launched in Indonesia

    The Jakarta Post
    An initiative designed to help boost access to banking services for millions of people in rural areas has been launched by Indonesia's Financial Services Authority and four of the nation’s largest banks, writes Grace D. Amianti for The Jakarta Post. The Laku Pandai, popularly known as branchless banking, program promotes banking and financial services for all through the help of other parties, such as individual and institutional agents, supported by mobile phones and IT facilities. State-owned Bank Mandiri and Bank Rakyat Indonesia (BRI) as well as private lenders Bank Central Asia (BCA) and Bank Tabungan Pensiunan Nasional (BTPN) — have already obtained permits from the OJK to run the program.
    Read article on The Jakarta Post
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  • Editor’s Picks / 1 hour ago

    Hyundai Steel considers merger with Hyundai Hysco

    Reuters
    South Korean steel producer Hyundai Steel said on Friday that it is considering a merger with its steelmaking affiliate Hyundai Hysco, but added nothing has been decided, writes Reuters. Shares of Hyundai Hysco surged over 6% after media reports said it may be absorbed into Hyundai Steel, a sister company of automakers Hyundai Motor and Kia Motors.
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  • Calendar event / Yesterday at 23:30 GMT

    JP CPI (Tokyo), CPI ex-Food (Tokyo)

    forecast
    actual
    Med Tokyo Core CPI (on year)
    +2.2%
    +2.2%
    Med Tokyo Overall CPI (on year)
    +2.3%
    Med Tokyo Overall CPI (on month)
    +0.4%
  • Calendar event / Yesterday at 23:30 GMT
    High Japan Overall CPI (on year)
    +2.2%
    Med Japan Core CPI (on year)
    +2.1%
    +2%
    Med Japan Overall CPI (on month)
    -0.2%
  • Calendar event / Yesterday at 14:15 GMT

    NL GDP - 2nd estimate

    forecast
    actual
    Med Revised Qtrly % Change
    +0.8%
    Med Revised Yearly % Change
    +1.4%
  • Article / Yesterday at 13:56 GMT

    #TradeLikeAPro – Setting a punishing pace

    TradingFloor.com Team / Saxo Bank
    Denmark
    #TradeLikeAPro – Setting a punishing pace
    As Saxo's Trade Like A Pro powers forward, sports directors struggle for pole position while performance returns fluctuate. Tinkoff-Saxo and Alberto Contador set a punishing pace in the third stage of the Volta a Catalunya. Meanwhile, riders in the Belgian Dwars door Vlaanderen faced trying racing conditions.
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  • Editor’s Picks / Yesterday at 13:12 GMT

    US jobless claims fall to lowest level in five weeks

    Bloomberg
    Aided by improving weather, jobless claims in the US fell by 9,000 to 282,000 this week. The print comes in below expectations, with the median forecast of 52 economists surveyed by Bloomberg standing at 290,000. The robust employment data represent a rare bullish signal from the US economy, where many indicators are beginning to show signs of weakening. According to Bloomberg, "while purchases of new homes unexpectedly climbed in February, housing starts slumped, industrial production cooled, retail sales weakened, and orders for durable goods unexpectedly dropped." Investors are keeping a watchful eye on US economic data as they attempt to forecast when the Federal Reserve will hike interest rates.
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