Page 48 - Frx News Today

A look at the day ahead in Asian markets from Jamie McGeever.

Argentina has patched up its wobbly economy with a so-called "soy dollar" preferential exchange rate to boost grains exports and bring in much-needed foreign currency, which analysts said would give the government breathing room, at least temporarily.

The latest government incentive to grow Argentina's processed soybean exports recorded few takers on Monday, according to traders and analysts, on the first day for the scheme that offers farmers and shippers a preferential exchange rate.

Market volatility may rise as volume stays light because of the Easter holiday in Europe.

The U.S. arm of cryptocurrency exchange Binance is struggling to find a bank to handle its customers' cash after the failure of Signature Bank last month, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

The Bank of Japan (BOJ) should be cautious about changing its unconventional monetary policy for now, given financial market uncertainty due to problems in Western banks, former top financial diplomat Takehiko Nakao told Reuters in an interview.

Greece's economy will grow by 2.2% in 2023, its central bank chief said on Friday, urging the country to stick to the path of reform and fiscal prudence as it enters a period of increased political uncertainty due to elections.

Central bankers across central Europe have doubled down on their hawkish policy messages in the past two weeks in a bid to persuade investors to ditch bets that they will soon begin an easing cycle, and their message is starting to gain traction.

U.S. Treasury yields climbed and U.S. index futures closed modestly higher after employment data for March indicated the labor market remains tight, but was largely in line with market expectations.

Wall Street saw a renewed flight to safety, with bonds climbing and equities dropping after weaker-than-estimated economic data revived fears that a recession could be in store.