Monday, March 28, 2016

Sri Lanka *market update*USD/LKR 1wk fwd 147.55/75, Bond market inactive

USD/LKR one week forward quoted at 147.55/75, dealers said. (March 28, 2016 12.10 p.m)

“There are no quotes for bonds,” dealers said. Last week bids for bonds of 2020, 2021, 2022 and 2015 were rejected. (March 28, 2016 11.30 a.m)

Asian stock markets were higher on Monday with signs of a steady recovery in the US economy. Japan’s Nikke was up 0.77 percent. The Chinese indices also followed suit and edged higher this Monday, with benchmark Shanghai Composite index up 0.64 percent and Shenzhen’s CSI300 also gaining 0.63 percent while China A50 shares advance 0.37 percent. Markets in Hong Kong and Australia are closed for the Easter holiday.  Meanwhile, stocks in Taiwan were 0.2 percent lower. On Friday, data showed that the U.S. economy grew at a 1.4 percent in the fourth quarter, compared with a previous estimate for 1 percent. (March 28, 2016 09.00 a.m)

 

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