Global Stocks May See Early Weakness On Worries About Cyprus Banking Crisis, Eurozone's Merchandise Trade Deficit

Global Stocks May See Early Weakness On Worries About Cyprus, After moving mostly higher in recent weeks, stocks are likely to come under pressure in early trading on Monday. The major index futures are currently pointing to a notably lower open for the markets, with the Dow futures down by 72 points

Singapore commodities news, Singapore Non-Oil Exports Contract Sharply In February, Singapore's non-oil exports shrank more than expected in February, led by sharp falls in shipments of pharmaceuticals and structures of ships and boats, a report from the International Enterprise (IE) Singapore showed Monday

From British housing industry, UK Housing Market Continues To Build Momentum, Home Prices Rise: Rightmove, British housing market continued to gather pace in March with an increase in transaction volume and a continued rise in property asking prices, a survey by Rightmove showed Monday. The average property asking price rose 1.7 percent month-on-month to 239,710 pounds. This was the highest ever new seller asking prices recorded for the month of March

Political news in China, China's New Premier Vows To Open Up Economy, Chinese Premier Li Keqiang pledged to decentralize power, giving more role to private businesses to compete with government firms. In his first news conference on Sunday, Li said markets will have more capacity to determine interest rates and the exchange rate, a move which may reduce profits of state-owned banks. The 57-year old Li said the reform is about curbing government power

New Delhi economic news, India Likely To Lower Interest Rates By 25 Bps, Slowing economic growth and strong signals from the government about its commitment on fiscal consolidation provide enough room for the Reserve Bank of India to cut its key interest rates, despite inflation showing no signs of softening. The central bank is widely expected to cut its repo rate by a quarter point on Tuesday

Meanwhile, Eurozone January Trade Deficit Narrows On Exports, Eurozone's merchandise trade deficit in January narrowed from last year as exports increased at a faster rate than imports, giving rise to hopes that the region's economy is back on the recovery path.