Financial News

The U.S. is grappling with stubborn inflation, complicating the Fed’s rate decisions and impacting long-term economic forecasts.

US Producer Prices rattle market risk sentiment: Chinese housing data and PBoC inaction compound the Hang Seng and ASX 200 losses.

Natural gas prices rebound from weekly lows as traders react to the EIA report.

Feb’s Core PPI surge and higher overall PPI cast doubt on Fed rate cuts, signaling prolonged inflation and interest rate concerns.

Bitcoin’s upcoming ‘halving’ stirs debate, impacting its soaring value amid speculation over its effect on the crypto market’s future.

Tech sell-off spreads: Hang Seng joins Nasdaq retreat, ASX 200 affected by bank downgrades.

Gasoline inventories declined by 5.7 million barrels from last week.

BOJ mulls negative rate exit amid inflation concerns, wage talks. Investors brace for turbulence over rate decision.

The UK GDP Report for January will draw the interest of Bank of England Monetary Policy Committee members as consumer-facing services output grows.

Feb 2024 CPI rose 0.4% with a 3.8% year-over-year core increase and a mixed economic outlook due to stable food prices against a 2.3% energy hike.

Rising gas prices and a forecasted 0.4% CPI rise indicate stable inflation, possibly affecting the Fed’s rate strategy and future decisions.

Bank of England scrutiny of the UK labor market will continue as unemployment edges up and wage growth moderates.

Investor caution will likely influence the Asian markets on Tuesday as investors await the US CPI Report that could impact bets on an H1 2024 Fed rate cut.

Italy’s public debt of around 137% of GDP is unlikely to decline despite expected primary surpluses from 2025 and planned asset sales, underpinning need for deploying EU funds successfully and containing spending.

BlackRock’s iShares Bitcoin ETF eclipses MicroStrategy, now holding 195,985 BTC, marking a significant shift in cryptocurrency dominance.

Hang Seng Index gains traction on positive Chinese inflation data, diverging from broader Asian market downturn

Economic data from the Japan, the UK, and the US will influence sentiment toward central bank policy moves in another important week ahead.

Meme coins surged higher as bitcoin struck a Friday all-time high of $70,066. BTC-spot ETF market flows remain a focal point for the crypto market.

February job surge at 275K beats forecasts; Higher-than-expected unemployment rate at 3.9%, ; Modest wage growth.

February job growth: 198,000 expected, unemployment steady at 3.7%; cautious market trends as Fed monitors impact.