The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
Markets 3 MIN READ

What banking crisis? Ending Q1 on a high

March 30, 2023By Reuters
Related Articles
Investors scout for 'hidden' defense plays as rally broadens February 21, 2025 Oil snaps declining streak as Saudi, Russia meeting calms markets March 16, 2023 China's oil demand set to recover as COVID curbs ease September 28, 2022

March 31 (Reuters) – Asian markets go into the final trading day of the quarter in a buoyant mood, ready to face Friday’s barrowload of regional economic data with a sense of optimism and resilience that would barely have been believable a few weeks ago.

Maybe it is just window-dressing for the end of the quarter, but investors are driving risky assets higher across the board, doing their best to make the banking crisis of March 2023 look like a blip in the rear-view mirror.

Another solid performance on Wall Street on Thursday should set the tone for Asian stocks on Friday, with tech again leading the way. US financials was the only S&P 500 sector to fall on Thursday, but they are still up 3% this week, the best week since January.

It remains to be seen how successful US authorities have been in ring-fencing banks from contagion, and there is little doubt that deteriorating credit conditions will be a drag on growth.

Right now though, it’s ‘risk on’ globally – the MSCI Asia ex-Japan equity index is up three weeks in a row, the MSCI World is having its best week since mid-January, and the Hang Seng tech index is at a six-week high.

Although bond yields and the Fed rate outlook have picked up in the last two weeks, they are still significantly below the historic peaks pre-banking shock. Tech, in particular, is on a roll.

Further indications that China is reversing the sweeping regulatory crackdown on its technology sector of recent years is also adding fuel to the rally.

After investors gave Alibaba’s restructuring plans this week a big thumbs up, e-commerce firm JD.com said on Thursday it plans to spin off its property and industrial units and list them on the Hong Kong Stock Exchange.

US-listed shares in JD.com jumped 8% on Thursday, US-listed shares of Alibaba are up 20% in the last three sessions, the Nasdaq 100 is flirting with a bull market – up more than 20% from its December low – and the wider Nasdaq is up 15% this year.

On the Asian data front on Friday, investors have no shortage of potential market-movers, including: Chinese PMIs for March; Japanese unemployment, retail sales and industrial production; and private sector credit figures from Australia.

Here are three key developments that could provide more direction to markets on Friday:

– China NBS manufacturing and services PMI (March)

– Euro zone flash CPI inflation (March)

– US PCE inflation (February)

(By Jamie McGeever; Editing by Josie Kao)

 

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up