The biggest weekend news to start the week was China’s State Council unveiling its "special action plan" on Sunday, aimed at boosting domestic consumption. The 30-point plan includes measures to increase household income, reduce financial burdens, and improve the overall consumption environment to encourage spending.
China was busy over the weekend with additional developments:
And today we had more:
Economic data for January-February showed solid growth in retail sales and industrial output, but unemployment ticked higher, and property investment remained weak.New home prices fell 4.8% in February, versus a 5.0% drop the previous monthFrom the US, Treasury Secretary Bessent spoke in a TV interview, making headlines with two key points:
He welcomed falling stock prices, calling it a healthy correction.He wouldn’t rule out the possibility of a recession, adding to cautious sentiment.Markets Reaction & Moves:
US equity index futures opened lower after Globex reopened for the week’s trade.Oil prices spiked but later pulled back, with Middle East tensions in focus—Houthi attacks on US naval ships and Trump’s warnings to Iran and the Houthis were cited as factors.In FX markets, USD/JPY swung within a 40-point range, with no major yen-specific news beyond Japan’s Prime Minister Ishiba denying FX manipulation.Other major currencies traded in tight ranges, with AUD failing to catch a bid despite China’s 30-point consumption boost plan.SPX (this is a CFD):
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap bessent cited in us equity index futures weakness was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: Bessent cited in US equity index futures weakness )
Also on site :
- Morton East student killed in shooting near Cicero school
- INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Varonis Systems, Inc. of Class Action Lawsuit and Upcoming Deadlines - VRNS
- Anthropic adds Allianz to growing list of enterprise wins