- Wall Street indices finished yesterday's trading higher but off the session highs. S&P 500 gained 0.51%, Dow Jones moved 0.20% higher and Nasdaq added 0.58%. Small-cap Russell 2000 jumped 0.7%
- Indices from Asia-Pacific traded mixed today - indices from Australia, South Korea and India gained, while stocks in Japan and China pulled back
- DAX futures point to a slightly lower opening of the European cash session today
- Houthi strike on True Confidence vessel in the Gulf of Aden yesterday resulted in the death of 3 crew members. Those are the first fatalities among commercial vessels' crews since Houthis began targeting merchant ships in the Red Sea last year
- BoJ Governor Ueda said that the likelihood of achieving 2% goal is gradually rising. Ueda said that BoJ will consider rolling back stimulus measures once positive cycle of wages and inflation is confirmed
- Bloomberg reports that some Japanese government officials support a near-term policy tightening by the Bank of Japan
- Fed Kashkari said that he sees only one Fed rate cut this year
- Chinese exports increased 7.1% YoY in February (exp. 2.5% YoY), while imports were 3.5% YoY higher (exp. 2.0% YoY). Trade surplus for February reached $125.16 billion (exp. $107 billion)
- Australian trade balance for January showed surplus of A$11.03 billion (exp. A$11.5 billion)
- Major cryptocurrencies trade mixed - Bitcoin gains 0.1%, Ethereum drops 1.1%, Dogecoin plunges 4% and Ripple adds 1.4%
- Energy commodities trade higher - oil gains 0.1%, while US natural gas prices move 0.4% higher
- Precious metals trade mixed - gold gains 0.3%, silver drops 0.6%, platinum trades flat and palladium plunges 1.2%
- JPY and AUD are the best performing major currencies, while USD and GBP lag the most
Hawkish comments from BoJ officials support the Japanese yen. USDJPY drops below the 50-session moving average (green line) for the first time since mid-January 2024 and is testing the 148.50 support zone. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
