Asian stock indicators have risen after China promised to take more steps to revive consumption. The US stock futures have decreased after Scott Besent, Treasury Secretary, described the recent market decline as ‘healthy’. The shares in Australia, Japan and South Korea got into the trade on Monday morning, and Hong Kong futures have indicated that it is rising when the market opens. These profits came after the S&B 500 index rose 2.1% on Friday, while the government’s closing was avoided, while the Nasdaq 100 index, which was dominated by the technological sector, made 2.1%. The ‘Golden Dragon’ index rose 2.7% with the Chinese authorities ready to announce measures to improve consumption on Monday. The dollar settled. Look at China, the global markets are awaiting the development of economic policy in China, after the news agency ‘Xinhua’ reported that the authorities intended to reveal measures to support the stability of stock and real estate markets, as well as plans to increase wages and increase the birth rate in the country. Attention is also directed at major economic data, including industrial production and retail sales for February, which is planned on Monday. In this context, Tony Sikammore, an IG Sidney analyst, said: “The initiatives announced during the weekend have the goal of improving retired Chinese consumer confidence,” and adding that these steps can support the recovery of global stock markets that started on Friday and improve the positive performance of Chinese markets. As far as US markets are concerned, Treasury bonds rose slightly during Asian trade, after their decline Friday, while US stock futures decreased in anticipation of retail sales for February. The yield on US treasury bonds also dropped by 10 years by a base point to 4.30%, after 4 basis points in the previous session have risen. Follow -up to the central bank meetings will also follow up in a series of central bank meetings this week, as President Donald Trump’s commercial policy will put policymakers under the microscope. The Bank of Japan is expected to keep the interest rate unchanged after it was raised last month, and the bank or England is expected to do the same. Federal Reserve chairman Jerome Powell faces a difficult task of ensuring investors that the economy is still on a good land, and convinced them that it is ready to intervene to support the economy. Strategists have changed the basic inflation expectations in America and wrote in the ‘Australian Commonwealth Bank’, including Joseph Kaporsu, in a client’s memorandum that the markets are summarizing the updated economic expectations, as the Federal Reserve is likely to reduce the economic growth estimates, with a minor modification of the basic inflation expectations. They added: “Nevertheless, the point scheme may not see significant changes, as members of the Federal Open Market Committee can see that the increase in basic inflation is only a temporary phenomenon.” On the other hand, Friedrich Mirz, nominated for the position of the German Chancellor, announced on Friday that an agreement with the ‘Green Party’ has been reached on a financing package that includes defense and infrastructure that will be funded by debt. It comes at a time when the euro continued its profits for the second week in a row to remain near the highest level against the US dollar since November before voting on the plan on Tuesday. In the commodity markets, oil prices have risen for the second consecutive day, supported by the world’s largest importer in the world to provide an economic motivational package. Gold has also increased slightly after it recorded losses on Friday, the first in four days, amid increasing demand for high -risk assets.
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