"It seems like policy support is working to underpin the Chinese economy," said Ayako Sera, market economist at Sumitomo Mitsui Trust Bank. "But while policy steps will likely stem a further slowdown, they are unlikely to accelerate the economy. "Monday will be another interesting day in parliament," said Seema Shah, senior global investment strategist at Principal Global Investors in London. "If MPs are able to form a majority around a few of the motions - most likely the permanent customs union motion or a 'people's vote' on the agreed deal, we could see sterling re-strengthen on revived hopes of a soft Brexit. "Positive risk sentiment helped boost emerging market currencies.The Mexican peso gained 0.35 per cent to 19.364 to the dollar while the South African rand tacked on about 0.8 per cent to 14.395 per dollar.The Turkish lira eased more than 1 per cent to 5.6158 per dollar after President Tayyip Erdogan's ruling AK Party lost control of the capital Ankara for the first time in a local election and he appeared to concede defeat in the country's largest city, Istanbul.

Source: Economic Times April 01, 2019 06:00 UTC