- In spite of a lower opening of the cash session, Wall Street indices finished yesterday's trading higher. S&P 500 gained 0.11%, Nasdaq added 0.23% and small-cap Russell 2000 moved 0.32% higher. Dow Jones was a laggard with a 0.11% drop
- Indices from Asia-Pacific traded higher today - Nikkei rallied 1.3%, S&P/ASX 200 moved 0.5% higher, Kospi jumped 1% and Nifty 50 traded 0.1% lower. Traders from China and Hong Kong were off for holidays
- DAX futures point to a slightly higher opening of the European cash session today
- Fed Kugler said that her rate expectations are consistent with March FOMC economic projections. She added that while considerable progress was made on core PCE, it is still meaningfully above 2% target
- JPMorgan expects Fed to deliver two to three rate cuts this year, with the first one being delivered at June meeting
- Bank of America expects both Brent and WTI to peak around $95 per barrel in summer 2024, on the back of geopolitical tensions, OPEC+ supply cuts and economy recovery
- US Department of Energy cancelled a planned purchase of 3 million barrels of oil aimed at refilling emergency oil reserves due to high prices
- Final Australian services PMI for March was revised to 54.4 from 53.5 in flash release
- Australian building approvals dropped 1.9% MoM in February (exp. +3.1% MoM)
- New Zealand building permits surged 14.9% MoM in February, following an 8.6% MoM plunge in January. On an annual basis, permits were 6% YoY lower in February
- Major cryptocurrencies are trading mixed - Bitcoin drops 0.6%, Ethereum trades 0.8% lower, Dogecoin adds 0.1% and Litecoin jumps 1.0%
- Energy commodities trade little changed
- Precious metals trade mixed today, with GOLD holding near $2,300 per ounce
- AUD and NZD are the best performing major currencies, while CHF and JPY lag the most
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".
