Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
China funds spur equity allocations
For the next three months Chinese fund managers increased their suggested equity exposure because key indexes pierced major resistance, while market sentiment gained on further indications of an expanding Chinese economy, as a monthly Reuters survey revealed.
The recent market soar was spurred by sturdy corporate earnings, which have increased hopes that economic momentum are going to remain firm enough through the rest of 2017, thus defying analysts' hopes for a gradual slowdown.
Market sentiment was also backed by indications that Beijing is actually stepping up efforts to restructure China’s lumbering and usually inefficient state-owned enterprises by simply giving the green light to more public as well as private investment in the long-protected sector.
The fund managers increased their suggested equity allocations to about 76.9%, from the previous month’s outcome of 75%, according to a survey of eight China-based fund managers for this week.
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.