News Stocks 

S&P 500, Nasdaq close at 5-month high on China trade, global growth optimism

“Consumer sentiment rose in March to 97.8 from 93.8 in February, according to a preliminary reading of the University of Michigan consumer sentiment index” writes Markets Reporter for marketwatch.com. The S&P 500 index SPX, +0.41% climbed 14 points, or 0.5%, to 2,822.48 and the Nasdaq Composite Index COMP, +0.76% advanced 57.62 points, 0.8%, to 7,688.53.U.S. stocks closed higher Friday, with the S&P 500 and the Nasdaq finishing at five-month highs, as market sentiment was buoyed by encouraging headlines on U.S.-China trade negotiations and Chinese assurances of forthcoming economic stimulus. Source: marketwatch.com

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News Stocks 

Stocks gain on China trade, global growth optimism; Boeing shares lift Dow

“Consumer sentiment rose in March to 97.8 from 93.8 in February, according to a preliminary reading of the University of Michigan consumer sentiment index” writes Markets Reporter for marketwatch.com. The gains would mark the biggest weekly gain since the period ended Feb. 15, according to FactSet data.BIOS, -24.93% shares sank 26% after the company announced a deal to merge with privately held Option Care Enterprises Inc.U.S. stocks rose Friday as major benchmarks aimed for their most robust weekly gains in a month with sentiment buoyed by encouraging headlines on U.S.-China…

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News 

The Financial Upside of Being an Optimist

“A recent research study found that when it comes to money, optimists are more likely to make smart moves and reap the benefits” reports hbr.org. We surveyed more than 2,000 Americans, testing for optimism, financial health, and attitudes and behaviors around money, using scientifically validated measures such as the Life Orientation Test and the Consumer Financial Protection Bureau Well-Being Scale.For example, 90% of optimists have put money aside for a major purchase, compared to 70% of pessimists. Source: hbr.org

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News 

Worried about a recession? Cautious optimism is more fitting

“The latest economic growth number along with two Federal Reserve Bank indicators offer balm for troubled souls who are worried about a 2019 recession” reports washingtonexaminer.com. This means December’s loss of one week and a fraction reduced GDP growth by about 0.16 percentage points, at least temporarily.On Feb. 28, the Department of Commerce released a much-anticipated estimate for 2018’s fourth-quarter economic growth.There are two other significant pieces of economic evidence that strongly support a “no 2019 recession” forecast.Delayed because of the government shutdown, the 2.6 percent in GDP growth was…

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News Regulators 

Fed governor warns that the economy is at risk of slowing

“Federal Reserve Governor Lael Brainard warned on Thursday that the economy could be slowing despite strong job growth” reports washingtonexaminer.com. That “would amount to a significant headwind,” for the U.S. economy, Brainard said.In remarks prepared for delivery at Princeton University, Brainard cited, as risks to the economy, surveys of consumers and businesses showing declined optimism in the U.S. economy, a weakening global economy, and the potential that President Trump’s trade wars or a government shutdown could weigh down future economic growth. Source: washingtonexaminer.com

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Markets News Regulators 

Dollar climbs, amid Trump’s fresh calls for weaker currency, dovish Fed

“The U.S. dollar started the week modestly stronger, amid further optimism on trade and calls for a weaker greenback from President Donald Trump” writes Markets Reporter for marketwatch.com. The Chinese currency fell some 5% against the dollar last year, amid a broader selloff in emerging markets and worries about trade.There has been speculation that any coming U.S.-China trade deal would include an agreement on limiting Chinese yuan weakness,” said Hafeez, in a note to clients.He also said that if there were no quantitative tightening the dollar would move a bit…

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News 

Wall Street rises at open following benign inflation data

“(Reuters) – Wall Street’s main indexes bounced on Friday after data showed U.S. inflationary pressures remained tame and as strong economic data from China helped feed into optimism around trade” writes Midwest Communications Inc for 95kqds.com. In contrast, data showed February U.S. manufacturing activity dropped to its lowest since November 2016.The benchmark S&P 500 index has risen 11 percent since the beginning of the year, bolstered by progress in trade talks and the Federal Reserve’s cautious stance on interest rates. The S&P index recorded 41 new 52-week highs and no…

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News Stocks 

Asian stocks shaky as Sino-U.S. trade optimism retreats

“In currency markets, the dollar index against a basket of six major currencies stood little changed at 96.097” writes Midwest Communications Inc for 95kqds.com. Global equities scaled a four-month high earlier this week helped by upbeat expectations towards U.S.-China trade talks, before pulling back after Lighthizer spoke.TOKYO (Reuters) – Asian stocks struggled for traction on Thursday after cautious comments from U.S. Trade Representative Robert Lighthizer deflated some optimism that China and the United States were closing in on a trade deal.The dollar traded at 110.87 yen , having bounced back…

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JPY News 

USD/JPY stays underpinned, inches towards the 111 handle once again

“But for an extension higher, there needs to be a positive breakthrough in US-China trade talks” reports forexlive.com. The pair is inching upwards as risk sentiment is holding up well so far on the day.I reckon any breaking headlines on a memorandum of understanding being struck would see risk assets jump alongside USD/JPY. But the devil will be in the details.Price has tested support from the key hourly moving averages since trading yesterday and buyers have shown their commitment to defend that bias by holding on to support levels there. Source:…

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