Weekly Global Financial News March 10-March 17

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BOJ keeps stimulus in place, cuts view on exports in warning sign, By Reuters, Published: March 11
http://reut.rs/1iHp6jl
The Bank of Japan maintained monetary stimulus, dismissing the call for additional easing in a confidence that exports are on a recovery path.

Yen takes lead as investors dodge risk; Aussie pressured, By Reuters, Published: March 11
http://reut.rs/1eydwzz
The Yen turns in the spotlight as investors avoid risky Australian dollar and concerns about China’s slowdown grows.

Korea Bonds Rise as China Slowdown Signs Boost Demand for Safety, By Bloomberg, Published: March 13
http://bloom.bg/1fWK3oi
Concerns over China’s slowing growth boosted demand for South Korean bonds. Meanwhile, the Bank of Korea decided to hold the benchmark rate that has been maintained since last May.

China Stimulus Decision Looms as Investment Slows, By Bloomberg News, Published: March 14
http://bloom.bg/1iHrt5J
Considering that China’s key concern is to protect growth target, recent slowdown in investment growth suggests some pressures for Beijing executing economic stimulus policy.

U.S. Stocks Retreat, Treasuries Climb on Ukraine, China, By Bloomberg News, Published: March 14
http://bloom.bg/PwdAL4
U.S. stocks figures including S&P 500 and Dow Jones fell as China’s slowing economy and tensions in Ukraine are still remained as market concerns.

Russian companies withdraw billions from west, say Moscow bankers, By Financial Times, Published: March 14
http://on.ft.com/1iS9fKy
Amid growing tensions over the Crimean crisis, the fear of US sanction against Russia is looming large. In face with the increasing possibility of asset freeze, Russian companies are withdrawing billions from the west bank while western money is also being pulled out from Russian market.

IEA says supply surge led by Iraq will ease oil tensions, By Financial Times, Published: March 14
http://on.ft.com/1ibq8AJ
Despite the pressures on oil market triggered by Ukraine crisis, the International Energy Agency expects surge in Iraqi production will ease the tension.

Alibaba, Weibo Prep for IPOs in U.S. By Wall Street Journal, Published: March 14
http://on.wsj.com/1gladeJ
Two of China’s Internet giant, Weibo and Alibaba, are gearing up for a U.S. initial public offering, signaling a sign of growing presence of Asian player in global internet competition.

Bokyung (Bella) Kim

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