The Traderszone Network

China’s markets notched a narrowly mixed session Wednesday, ahead of the Federal Reserve rate announcement that hung up U.S. and most global markets.

That left the Shanghai composite with a 2% gain for the week and a 6.8% rise this month, enough to give the benchmark its first close above its 10-week moving average since December. The Shanghai composite has traded tightly for the past three weeks after breaking back above its 10-week line in early March. It is up 0.2% for the week, with a 6% gain so far this month.

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The Justice Department said it has opened a civil investigation into the conditions in New York City’s public housing.

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New Zealand Q4 GDP
 +0.9% q/q (sa)
– expected +0.7%, prior +0.9%
+2.3% y/y
– expected +2.1%and prior was +2.3%

Another beat from the NZ economy. This will be supportive (again) for the NZD.

A US Congressional subcommittee on commerce and trade held a hearing today on the subject of digital currencies and blockchain technology.

Newly updated prescription data for Veltassa failed to spark investor interest.