Asian Stocks Advance, Yen Weakens While Oil Slides: Markets Wrap

Asian Stocks Advance, Yen Weakens While Oil Slides: Markets Wrap

Asian equities rose at the start of an important week for global monetary policy settings, with central banks in Japan, the U.S. and the U.K. all meeting. The yen weakened while oil extended its slide to a sixth day.Tokyo shares extended the biggest rally in a month while South Korean shares rose to the highest since May 2015. The euro built on gains from Friday, when European Central Bank policy makers were said to have considered their ability to raise rates before a bond-buying program comes to an end. Oil kept sliding below $50 as U.S. drillers continued to boost activity, countering OPEC’s efforts to drain a global glut.

“There’s some initial upside from the jobs report but most people are waiting and watching to see what the central banks say later in the week,” said Andrew Sullivan, managing director for sales trading at Haitong International Securities Group Ltd. in Hong Kong.Global equities are trading near a record high as indications of firming growth in the U.S. and Europe coincide with China’s economy showing signs of improvement in the first two months of 2017. U.S. jobs data at the end of last week cleared the way for the Fed to raise interest rates on Wednesday without forcing it to accelerate the pace for future tightening.

I want to repeat my predication about the 2 coming turning pointsNo.1 is 17th Mar this friday(got based on Fibonacci numbers);No.2 is 24th Mar next friday(got from spiral calendar).hope we can avoid the risk of this coming corretctionbut also need to wait for another new run of market after correction.the two charts below are crazy penny stocks in SG market this moring。