- Indices from Asia-Pacific traded higher at the beginning of a new week - Nikkei rallied 2.5%, S&P/ASX 200 added 0.1%, Kospi moved 0.7% higher and Nifty 50 traded flat. Indices from China gained 0.3-1.1%
- European index futures point to a higher opening of the cash session on the Old Continent today
- US index futures also trade higher, with S&P 500 futures trying to climb back above 5,200 pts
- ECB de Cos said that European Central Bank may start cutting interest rates in June
- Market consensus now is for Bank of Japan to exit negative rates at a meeting tomorrow, after last week's wages talks resulted in the biggest pay hikes in decades
- Nomura and MUFJ also expects Bank of Japan to end yield curve control tomorrow
- According to JPMorgan, Bitcoin allocation to investors' portfolio, adjusted for volatility, has now surpassed gold
- Chinese retail sales were 5.5% YoY higher in February (exp. 5.2% YoY), industrial production was up 7.0% YoY (exp. 5.0% YoY) and urban investments were 4.2% YoY higher (exp. 3.2% YoY)
- Chinese unemployment rate increased from 5.1 to 5.3% in January (exp. 5.1% YoY)
- Japanese machinery orders dropped 1.7% MoM in January (exp. -1.0% MoM)
- South Korea's semiconductor exports were 62.9% YoY higher in February, with exports of memory chips being 108.1% YoY higher
- Major cryptocurrencies are trading mixed at the beginning of a new week - Bitcoin gains 0.2%, Ethereum drops 0.6%, Ripple adds 0.6% and Dogecoin drops 2.0%
- Energy commodities trade higher - oil gains 0.4-0.5%, while US natural gas prices climb over 2%
- Precious metals pull back - gold and silver drop 0.4%, platinum drops 1% and palladium is down 0.8%
- NZD and CAD are the best performing major currencies, while JPY and CHF lag the most
Nikkei (JP225) surged 2% today, supported by weaker yen. Index broke above the upper limit of market geometry in 38,900 pts area and rallied to the highest level since March 8, 2024. 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.
