PBOC monetary policy department head, Sun Guofeng, remarks
Well, the latest certainly backs up their commitment but we’ll see how things go in the coming months, with the market keeping a watchful eye in case Chinese officials decide to surreptitiously tighten policy.

10-year Treasury yields little changed at 1.657%
Apart from some modest strength in the pound and yen, there isn’t much happening in the market to start the new week. US futures holding a little lower while Treasuries aren’t offering any firm direction so far today.

Bitcoin up 3% today
I last month about bitcoin’s habit of rallying on Saturday’s and today that was the case again. It’s up 3.1% to $60,156 today and touched as high as $61,218.

Back in November last year Chinese authorities halted Ma’s Ant Group US$34.5B IPO.
Jack Ma, who controls Alibaba, had criticized domestic (and global) regulators for stifling financial services innovation, criticism the CCP did not appreciate.  

Banks traditionally get the ball rolling
Believe it or not, the earnings season is starting up next week. It seems like only yesterday. The fact is, the bulk of earnings are spread out over a month or so and then you have other key releases that are outside of that window.  Nevertheless, it does not seem

Forex news for New York trade on April 9, 2020:
Markets:
The Canadian jobs report was a stunner and far-surpassed expectations. The market’s response was more tepid that you might have anticipated but that owes to fresh lockdowns in April and the belief that all those people are going right back on unemployment insurance. Later, the market

Nasdaq 1.9% from the all time high
The major indices also closed higher for the week with the NASDAQ index leading the charge at up 3.12%.
The final numbers are showing:

Stocks climb to the highs of the day
US stocks are getting a late lift in what’s already been a strong week. The S&P 500 is up 25 points to 4121.
Closing at the highs of the week is a good sign for the week ahead, though this will be the 6th gain in 7 days and

10-year Treasury yields up 5 bps to 1.669%
After a busier start, things have settled down on the session as we await Wall Street to enter the fray in Friday trading today. The market got a bit of a push earlier when Treasury yields crept higher, with 10-year yields touching 1.67% from a low of 1.62%

German government spokesperson confirms on the matter
It seems like Merkel is going to take things in her own hands and the federal government is going to take control from state leaders on how to deal with the virus moving forward.