US
Oil rises to two-week high on lower gain in crude output
Oil advanced to a two-week high as the shrinking size of US crude production gains and a falling dollar outweighed rising supply. Brent for May settlement climbed US$1.37 (2.5%) to US$56.48 a barrel.
US stocks fell as tech shares tumble
US's semiconductor stocks declined the most since Oct'14 amid analyst downgrades on suppliers to the computer business.
Factories in US feel pain of rising dollar, slump in oil
American-made products unexpectedly dropped in February as manufacturers absorbed the damage inflicted by a rising dollar and slumping energy production. Bookings for products meant to last at least three years declined 1.4% mom after a 2% gain in January. (Source: Commerce Department of US)
Euro
German economy powers ahead as Ifo sentiment improves
German business confidence increased in March, adding to signs that Europe’s largest economy is back in position as the region’s economic powerhouse. The Ifo institute’s business climate index advanced to 107.9 in March from 106.8 in February.
South-East Asia
President Aquino expressed confidence in Philippine economy
Philippines can withstand potential interest rate increases by the US Federal Reserve this year, predicting a better year for the economy. “There will be changes but there will still be investors looking for the best returns,” Aquino said. The Philippines will have an even better year on rising incomes, tourism, typhoon rebuilding, manufacturing, he said.
(Sources of information shared are derived from various analyst reports worldwide)
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