GOOD MORNING ASIA

ECONOMY

On Monday , Asian Indices calm while bonds were in demand globally on speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week.
E-Mini futures for the S&P 500 were just a fraction lower. The S&P 500 boasted its best weekly gain since the end of November last week, while the Nasdaq had its best week so far this year.
We expected is more detail on a plan to stop culling the Fed's holdings of nearly $3.8 trillion in bonds. The two-day meeting ends with a news conference on Wednesday.
As a result, yields on three and five-year Treasuries are dead in line with the effective Fed funds rate, while futures imply a better-than-even chance of a rate cut by year end.
Data on Friday showed U.S. manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter.
British Prime Minister Theresa May's has only three days to win approval for her deal to leave the European Union if she wants to go to a summit with the bloc's leaders on Thursday with something to offer them in return for more time.

Fall in Treasury yields has dragged on the dollar, against a basket of currencies, the dollar was pinned at 96.583 having shed 0.7 percent last week.
USDJPY at 111.55 yen from a top of 111.89 on Friday.
Euro was holding at $1.1326 against greenback, well up from the recent trough of $1.1174 which was hit when the European Central Bank took a dovish turn of its own.
Sterling was steady at $1.3288 as markets await some clarity on where the Brexit drama was heading.
The People's Bank of China set the yuan reference rate at 6.7088 vs Friday's fix of 6.7167.

In spot gold was supported by the widespread decline in bond yields and stood at $1,300.35 per ounce.
Oil prices were near their highest for the year so far. U.S. crude was last off 6 cents at $58.46 a barrel, while Brent crude futures added 2 cents to $67.18.
Malaysian palm oil futures charted a third consecutive week of declines on Friday evening on concerns over demand from top buyers China and India, though prices reversed some losses to end the trading day slightly higher.