Board Type: Semi-PrivateAdmins: Soda


Our fund raising round was not successful.  As a result, IDB will be going off line and into cold storage.  If our competitors should stumble, I may re-active the site in the future but for now, we're turning out the lights.

I had planned to go off-line on April 4th.  Due to some important and unplanned changes in our maintenance schedule, I am now bumping that up to next Tuesday morning, March 27th, 2018.  PM 'admin' if you need to reach me. 

You should use the next 5 days to find a new home for your community.

Running IDB has been fun over the years and I hope you enjoyed your time here as well.  Sincerely,  Paul

P.S. News on IDB Funding -- this is now on it's own page to clean up the site a bit.

Asian equities steady as Japan outperforms, dollar regains traction Sun Apr 30, 2017 | 11:15pm EDT

By Shinichi Saoshiro | TOKYO

Asian stocks shook off a sluggish start and steadied on Monday, with Japan outperforming on upbeat earnings, while the dollar regained traction as the U.S. government looked likely to avoid a shutdown.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was largely flat. Japan's Nikkei .N225 added 0.4 percent, with high-tech blue chips gaining on strong earnings. [.T]

Many markets in Asia and Europe are closed for Labour Day.

Asian shares initially took their cue from Wall Street, which dipped on Friday after data showed the U.S. economy grew at its weakest pace in three years in the first quarter.

The mood brightened slightly, however, on news that U.S. congressional negotiators hammered out a bipartisan agreement on a spending package to keep the federal government funded through Sept. 30, thus averting a government shutdown.

Pointing to a higher open for the main market later in the day, S&P mini futures gained 0.1 percent ESc1 while the safe-haven U.S. 10-year Treasury yield US10YT=RR rose after three successive days of declines.

While U.S. consumer spending has almost stalled, a surge in business investment and wage growth suggested activity would regain momentum as the year progresses, limiting Wall Street losses. Moreover, strong earnings have kept the U.S. equity market at or near record levels.

"The main focus of the broader markets this week will be on the United States, with the Fed's May 2-3 policy meeting and the jobs report on Friday," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management in Tokyo.

"While many of the indicators in the first quarter were weak, the jobs data could confirm that labor market conditions continue to improve and lift the dollar and U.S. yields."

Asian markets were little fazed by China's official manufacturing survey on Sunday which showed growth in the country's factories slowed more than expected in April to a six-month low.

As trading resumed on Monday the safe-haven yen initially rose against the dollar in response to Saturday's missile test by North Korea.

But the dollar gradually regained traction after the knee-jerk reaction to the missile test faded.

The greenback was up 0.1 percent at 111.670 yen JPY=, edging back towards a four-week peak of 111.780 scaled last week when Emmanuel Macron's victory against anti-euro nationalist Marine Le Pen in the first round of France's presidential elections reduced demand for the safe-haven currency. The runoff vote is on May 7.

The euro handed back earlier modest gains and was flat at $1.0894 EUR=.

The common currency had been lifted on Friday after euro zone inflation data rose more than expected and returned to the European Central Bank's target.

The euro was still in range of the 5-1/2-month high of $1.0951 struck early last week on relief over the first round of the French presidential elections.

The pound was 0.3 percent lower at $1.2908 GBP=D4 after climbing to a seven-month high of $1.2957 on Friday, when traders were seen to have closed off bets against the pound ahead of Britain's long bank holiday weekend. [GBP/]

The dollar index against a basket of major currencies rose 0.1 percent to 99.128 .DXY.

The Australian and New Zealand dollars were little changed at $0.7484 AUD=D4 and $0.6860 NZD=D4, respectively.

In commodities, crude oil prices slipped amid lingering concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. [O/R]

U.S. crude CLc1 shed 9 cents to $49.22 a barrel, heading back towards a one-month low of $48.20 plumbed late last week and Brent LCOc1 was down 18 cents at $51.87 per barrel.

Spot gold XAU= gave back Friday's gains as the dollar bounced and slipped 0.4 percent to $1,264.16 an ounce.


(Editing by Kim Coghill and Jacqueline Wong)