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Asian stocks up on dovish ECB as Biden signs stimulus

Asian stocks up on dovish ECB as Biden signs stimulus
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

European Central Bank Expects Significantly Higher Bond Purchases Next Quarter; Keeps Program Unchanged for Now – NBC Connecticut

Euro, DAX 30 Forecast: ECB Rate Decision to Dictate Near-Term Trajectory

Euro, DAX 30 Forecast: ECB Rate Decision to Dictate Near-Term Trajectory 2021-03-11 07:30:00 Daniel Moss, Analyst Euro, EUR/USD, DAX 30, European Central Bank, PEPP – Talking Points: Equity markets gained ground during the APAC session on the back of a muted US inflation print. The upcoming ECB rate decision will probably dictate the near-term trajectory of EUR/USD and the DAX 30. EUR/USD poised to extend its nascent recovery after bouncing away from the 200-MA. Bearish RSI divergence suggest the DAX 30 could be at risk of a short-term pullback. Advertisement Asia-Pacific Recap Equity markets gained ground during the Asia-Pacific session, as an underwhelming inflation report out of the US tamed fears of the Federal Reserve having to prematurely normalize monetary policy settings. Japan’s Nikkei 225 climbed 0.6%, while China’s CSI 300 and Hong Kong’s Hang Seng Index surged 2.0

MSE Equity Price Index drifts lower

The MSE Equity Price Index fell for the first time in three sessions as it eased by 0.20% to 3,841.895 points. The declines in BOV, HSBC, MIDI and MPC outweighed the gains in GO and GHM whilst BMIT, RS2, PG and MIA closed unchanged. Meanwhile, training activity amounted to €0.27 million In the retail banking sector, Bank of Valletta plc lost 1.1% to the €0.91 level across 5,320 shares whilst HSBC Bank Malta plc fell by 0.6% to the €0.84 level as 25,366 shares changed hands. HSBC shareholders as at close of trading on Thursday 18 March 2021 will be entitled to the recently recommended final net dividend of €0.00754 per share.

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