South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
The United Kingdom’s gilts slumped during European trading hours Thursday ahead of the Bank of England’s (BoE) monetary policy meeting, scheduled to be held today by 12:00GMT, followed by Governor Mark Carney’s speech later, later today at 12:30GMT.
The yield on the benchmark 10-year gilts, jumped 2 basis points to 0.738 percent, the 30-year yield surged 3 basis points to 1.264 percent and the yield on the short-term 2-year edged tad 1 basis point up to 0.551 percent by 10:45GMT.
Today’s focus is on the Bank of England; this is a ‘super Thursday’, when markets will get the full works including an updated set of forecasts in the Monetary Policy Report and a press conference from Governor Carney, Lloyds Bank reported.
A change to policy is very unlikely. The MPC has been indicating for some time that given ongoing uncertainties, including Brexit, they prefer to wait for now. Given the close proximity of the election, they will probably think there is even less reason to make an immediate move, the report added.
Meanwhile, the FTSE 100 remained tad higher at 7,424.45 by 10:50GMT.
