The US Treasury Secretary confirmed that Trump and Xi Jinping will not meet this month, and it is reported that it may be postponed until April. Trump said that there will be news about the Sino-US trade agreement in the coming 3 to 4 weeks. The vote on delaying Brexit that proposed by Theresa May was passed. The US ban on flying Boeing Max aircraft may last until the end of April, waiting for software repairs.
- The Dow Jones Industrial Average closed at 25,709.94 points, increased by 7.05 points or 0.03%. The Standard & Poor’s 500 Index closed at 2,808.48 points, decreased by 2.44 points or 0.09%. The Nasdaq index closed at 7,630.91 points, decreased by 12.49 points or 0.16%.
- US Finance Minister Mnuchin claimed that Trump and Xi Jinping will not meet this month because the two teams still have more work to follow.
- The US Senate voted to veto Trump’s border emergency order, which would make Trump exercise his president’s veto right for the first time. It is expected that the Congress will not have enough votes to overturn his decision.
- The UK’s FTSE 100 index closed at 7,185.43 points, increased by 6.24 points or 0.37%. The Frankfurt DAX index closed at 11,587.47 points, increased by 15.06 points or 0.13%. The French CAC40 index closed at 5,349.78 points, increased by 43.40 points or 0.82%.
- The vote on delaying Brexit that proposed by Theresa May was passed, implying that there is still hope to reach the Brexit agreement that was rejected twice by the parliament.
- On April 2, Australia is expected to have fiscal stimulus measures, gaining time for the central bank’s interest rate policy.
- Japan’s Nikkei 225 index closed at 21,287.02 points, decreased by 3.22 points or 0.02%. The yen closed at 111.610 against the US dollar, decreased by 0.233%.
- The Bank of Japan will announce its monetary policy decision today, and it is expected that some economic assessments will be lowered. Economists expect the central bank will keep the benchmark interest rate unchanged and keep the yield curve control plan and asset purchase plan unchanged.
- The Shanghai Composite Index closed at 2,990.69 points, decreased by 36.27 points or 1.20%. The Shanghai and Shenzhen 300 Index closed at 3,698.49 points, decreased by 5.70 points or 0.69%. The RMB closed at 6.727 against 1 US dollar, decreased by 0.260%.
- According to Bloomberg’s data, the scale of high-risk bonds in China has reached 400 billion yuan. It is believed that the market may expand rapidly in the future as the onshore bond defaults have increased by three times in the past two months.
- Offshore renminbi hit a biggest drop within this month. It is because of the weak economic data in China and the delaying meeting between Trump and Xi Jinping.