GLOBAL EQUITY MARKET OF 18th March 2021

Asian Equity Market rose on Thursday after the Federal Reserve ramped up its outlook for the US economy but reiterated its pledge to maintain its ultra-loose market-friendly monetary policies for as long as needed.

In Asia, Hong kong’s Hang seng surged 1.28%,Indonesia’s Jakarta composite rose 1.12%,Tokyo’s Nikkei 225 jumped 1.01%, Singapore’s straits times gained 0.90%,korea’s Kospi surged 0.61%,China’s shanghai rose 0.51% while Singapore’s SGX Nifty plunged by 1.21%.

European stocks moved slightly higher on Thursday as markets around the world react to the Federal Reserve’s latest outlook on the U.S. economy.

In Europe, the DAX gained 1.17%, CAC surged 0.21%, FTSE jumped 0.07%.

U.S. stock futures edged lower, with investors selling government bonds and richly valued technology stocks.