The week will be dotted with market closures for a variety of regional holidays leading up to Good Friday.
So given the number of markets that are closed on, or before, Friday, the week could bring surprises of a pleasant, or not pleasant, variety. Investors might welcome a breather after the crisis/not-crisis, of recent weeks. But any surprise headlines, be they OPEC or bank related, will have to be digested by thinned markets, which can bring excessive market swings. So even with the buoyant benchmark quarters, it is hardly a moment for complacency.
This week will bring CPI releases from Indonesia on Monday, South Korea on Tuesday and Thailand and the Philippines on Wednesday. The Reserve Bank of India meets and is expected to raise it's repo rate on Thursday by 25 basis points to 6.75%.- S&P Global final March manufacturing PMIs will be out- Fed Board Governor Lisa Cook speaks at 2015 GMTOpinions expressed are those of the author.
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