Financial News

In the services sector, activity increased at the weakest pace in three months.

US jobless claims fall to 210,000 amid stable labor market; Philly Fed survey indicates mixed manufacturing growth with rising new orders.

Market optimism soars as Fed signals future rate cuts, driving US stock indexes and gold to record highs.

Asian Equity Markets Rally on FOMC Projections: Hang Seng, Nikkei, and ASX 200 surge as FOMC projects steady rates, sparking demand for risk assets.

Fed Chair Powell noted he believed that inflation was still moving lower.

GDP growth projection for this year was raised from 1.4% to 2.1%.

Investors eagerly anticipate the Federal Reserve’s upcoming ‘dot plot’ release, seeking critical insights into potential interest rate changes.

UK inflation numbers for February fail to give the markets a clear signal on what to expect from the BoE, with consumer prices up 0.6% month-on-month.

PBoC maintains rates, Hang Seng uncertain; AUD/USD reacts positively, ASX 200 mirrors Wall Street gains.

Egypt has improved its near-term finances by attracting foreign investment, devaluing the pound and securing more IMF support, but sustainable economic policy remains central for reversing the rating trajectory.

February 2024’s housing market thrives: Permits hit 1.52M, starts surge 10.7%, completions soar to 1.73M, signaling robust growth.

BOJ’s leap from -0.1% to 0-0.1% interest, ending a unique negative rate era, mirrors rising inflation control confidence amid Japan’s delicate economy.

NAHB noted that 24% of builders reported cutting home prices in March 2024, compared to 36% in December 2023.

Euro area’s inflation drop to 2.6% and a soaring €11.4 billion trade surplus signal a significant economic upswing and fiscal stability.

Major central banks’ interest rate moves including the Fed and US housing insights, coupled with Micron and Nike earnings, dominate this week.

Chinese stats boost risk appetite: Industrial production, retail sales, and fixed asset investments for Jan-Feb exceeded expectations, supporting riskier assets.

BTC-Spot ETFs Shine Despite Market Turbulence: Record Weekly Inflows Surpass $2.5 Billion

It is a pivotal week ahead for the global financial markets with the Bank of Japan, Bank of England, and the RBA on course to diverge from the Fed.

Consumer sentiment has been mostly unchanged since January 2024.

In March 2024, the NY Manufacturing Index plummets significantly, accompanied by a notable decline in new orders, signaling a stark sector downturn.