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Markets Tense ahead of Delayed Healthcare Vote (news: 24/03/17)

Today's press

  • The mounting anticipation ahead of the delayed healthcare vote later today has created an unnatural calm across the financial markets with investors adopting a cautious approach. Asian shares concluded mostly mixed during early trading on Friday amid the subdued trading mood with the loss of appetite for risk limiting gains in Europe. Wall Street could come under pressure with participants on standby ahead of a critical healthcare bill that will assess Trump's administration's ability to push through legislations. While Trump has threatened that without a vote to the healthcare bill he will move on to other agenda's, markets may interpret a potential failure today as something that could create some headwinds for the pending tax reforms and infrastructure spending.

  • Pound Sterling has received the backing of one of the UK's most prominent financial services institutions who have written to clients saying they see the currency embarking on a recovery against both the Euro and Dollar.

  • The dollar gained ground modestly to move around ¥111.35 in late Tokyo trading Friday, on the back of expectations that the U.S. House of Representatives will vote for an Obamacare replacement plan.

  • Malaysia’s central bank will crack down on wrongdoing in the foreign-currency market, such as fixing of the exchange rate, to ensure stability in the ringgit, Governor Muhammad Ibrahim said.

Next trading day's important events

Forex quotes:

  • USDJPY: 111.09
  • EURUSD: 1.0801

Indices:

  • S&P 500: 2351.45
  • NASDAQ: 5848.30

 



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