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Captain Marvel soars past expectations in box office

The 21st instalment of Disney’s Marvel Cinematic Universe, its first film with a solo female lead, cashed in $455 million worldwide since Thursday, in the U.S. alone the film generated $153 million on its debut.

The Marvel flick took some criticism for being too conservative in forecasting a figure of $125 million, but following a strong weekend at the box office, Disney adjusted those figures by stating it would expect a figure between $145 million to $155 million

No one will know for sure until later today as to how much is the total sum, but Sunday’s figures have solidified “Captain Marvel” as the third-highest March debut of all time in the U.S., and the seventh-biggest Marvel Cinematic Universe debut of all time.

“Captain Marvel” is also the second-highest grossing superhero origin film, behind “Black Panther,” which hauled in $202 million during its debut.

Marvel Studios now has seven of the top 20 film debuts in industry history and Walt Disney Studios holds 12 of the top 20.

Internationally, the film has grossed an estimated $302 million, making it the fifth highest international opening weekend of all time and the second highest superhero opening weekend of all time, behind only “Avengers: Infinity War.”

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The Hang Seng may be in trouble as it contiues the downtrend

Hong Kong’s Hang Seng Index has broken two significant support features, suggesting a continuation of its downtrend, with a downside target near 25,200.

The Hang Seng has the appearance of a “head and shoulders” pattern, but that isn’t valid.

The right shoulder of the pattern is created by just two days of activity, the reversal is too small and too brief to be considered as a left shoulder development.

The first significant support feature to be broken is the historical support resistance level near 28,000. which is the upper edge of a trading band projection and the lower edge of the trading is the current downside target level.

The price fall below 28,000 was not a clear fall as there was consolidation around this level, and the potential for a rally rebound to develop.

 However, the fall below the second support feature has confirmed the downtrend, while the second support feature is the uptrend line that is projected from the anchor points in February, July and December of 2016.

This is a long projection of the trend line, but it can at times provide a future support level, as the current move is a fall below the line, followed by a small rebound and retest of the line as a resistance level.

The second retreat from the line confirms the continuation of the downtrend.

It is significant that the value of the trend line matches the value of the support level and that increases the significance of the fall below the two features.

The downside target is set using the width of the trading bands, the 25,200 level has acted as a strong resistance level in 2014, 2015 and in 2017.

Surely traders will watch for consolidation to develop near the 25,200 level and they will cover shorts near 25,200.

 Anything above resistance near 28,000 shows consolidation near that level, but it is not a signal for a new rally uptrend.

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Bolsonaro aims to improve U.S. relations as he visits Washington

Brazilian President Jair Bolsonaro has spoken of his admiration of the U.S. as he attends his first visit to Washington as the two countries aim to strengthen their rapport after what Bolsonaro called, a long line of anti-American leaders.

Bolsonaro told business leaders that his country has changed, expressing his wish to increase business relations.

“The American people have always been an inspiration for me.”

“We have good relationships around the world,” he added, “but I am extending my hands so that the relationship with the United States is increasingly more important.”

An outspoken Trump admirer, Bolsonaro took power in January, vowing to realign Brazil with more advanced economies, particularly the United States. That represents a change in diplomatic priorities after over a decade of leftist party rule that had seen Brazil forging closer ties with regional allies.

Brazilian Economy Minister Paulo Guedes echoed Bolsonaro’s message of friendship toward the United States but reminded the audience that China, Brazil’s top trading partner, would be there to pick up the slack if America did not open itself to more trade with Brazil.

“They are moving in, trying to invest,” Guedes said of the Chinese.

“And we are looking to our partner and saying ‘look, what should we do?’ The president loves Americans. Me too of course. We love Disneyland and Coca Cola.”

A U.S. senior administration official, who spoke to reporters on condition of anonymity, welcomed the change in Brazil’s diplomatic stance.

“Even the friendliest of Brazilian governments was never really that friendly. Here we have now a government in Brazil we truly consider an ally,” the official said.

Bolsonaro’s meeting with Trump came together within weeks of the Brazilian leader’s inauguration after the two political firebrands expressed mutual admiration for each other.

Bolsonaro earned the nickname “Trump of the Tropics.”

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EU’s patience wearing off with Brexit deal

Brussels is concerned about the current Brexit situation and is pleading Westminster to get something going quick.

European ministers made it clear that it was time to be clear about the process that is set to take the U.K. out of the E.U.

PM Theresa May has yet to secure a majority in Parliament for the deal that she negotiated with the other 27 European members, however, following two years of talks and with only 10 days to go until Britain is due to leave, it is still unclear if the country will really end its membership of the bloc next week.

Germany’s Minister for Europe, Michael Roth expressed his feelings to reporters, “We are really exhausted by these negotiations.”

“I expect a clear and precise proposal from the British government, on why such an extension is necessary. It is not just a game, it is an extremely serious situation.”

“Please deliver. Dear friends in London, please deliver. The clock is ticking.”

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Asian indices trade lower as investors await the Fed’s decision

Asian markets have closed the session lower to start the week, as most investors will keep their eye on the Fed’s meeting later today in the U.S.

Mainland Chinese index the Shanghai composite retreated by 0.2% and the Shenzhen composite too fell by 0.1%.

In Hong Kong, the Hang Seng index slipped 0.2% as shares Chinese tech behemoth Tencent declined 0.4%.

Japan’s Nikkei 225 was just under 0.2% lower as shares of Fast Retailing slipped by 0.2% and the Topix following suit by closing lower by o.2%.

South Korea’s Kospi shed 0.16% as shares of chipmaker SK Hynix dropped 1.03%, while over in Australia the ASX 200 remained flat throughout.

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UK Parliament speaker Bercow warns Theresa May

U.K. Parliament’s speaker John Bercow has warned Theresa May’s government that it should not bring a replica of its proposed Brexit “Withdrawal Deal” back to lawmakers for a third vote.

In a statement to Parliament, the speaker of the House of Commons said the first two votes had substantial enough differences to merit lawmakers voting on both.

It was expected that a third vote on the PM’s “Withdrawal Deal” would take place in the House of Commons on Tuesday or Wednesday this week.

The two previous votes saw May’s draft proposal defeated by a record margin of 230 at the first attempt and then 149 votes in the second.

Bercow said the government could not “legitimately resubmit” a third proposition that matched the first two.

The intervention will be seen as yet another obstacle to the U.K. government who are hoping to pass their deal by banking that lawmakers will change their vote, rather than risk any long delay to Britain’s departure.