Market Overview

Australia has seen a decline in inflationary pressures. Japan may conduct currency intervention shortly

2024.03.27
Tesla (TSLA) closed higher by more than 2% after it was revealed that Italy's Ministry of Industry has contacted the company about the potential production of electric trucks.
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Trade restrictions between the US and China are intensifying. Japan's currency diplomats talk about possible intervention to support the yen

2024.03.26
Atlanta Fed President Bostic said that if the economy performs as expected, the Fed can be patient with interest rates, and he expects only one 25 bps rate cut this year.
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Inflationary pressures are rising in Singapore and Malaysia. Japan's currency policymakers are again talking about intervention

2024.03.25
Lululemon Athletica shares closed down more than 15% on Friday after warning of a slowdown in US store visits and forecasting 2025 net revenue below consensus.
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Week's main events Week's main events (March 25 – March 29)

2024.03.25
The main events this week will be inflation data and GDP from the main economies
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The Swiss National Bank unexpectedly cut the interest rate. Oil declines amid attempts to de-escalate the conflict in the Middle East

2024.03.22
US weekly jobless claims unexpectedly fell from 2,000 to 210,000, indicating a strengthening labor market compared to expectations of a rise to 213,000.
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The US Federal Reserve expectedly kept rates unchanged. New Zealand remains in a technical recession.

2024.03.21
The FOMC left the federal funds rate unchanged at a 23-year high of 5.5% for the fifth consecutive meeting in March 2024, matching market expectations.
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Canadian dollar declines amid falling inflation. PBoC kept rates at current levels

2024.03.20
Markets currently estimate the probability of a 25 bps rate cut at the March FOMC meeting at 1%, at the next meeting on May 1 at 9%, and at the June 12 meeting at 59%.
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The Bank of Japan is finally out of negative rate territory. The RBA left the rate unchanged but removed the hawkish bias

2024.03.19
Tesla (TSLA) stock price rose more than 6% and led the S&P 500 and Nasdaq 100 stocks higher after the company announced on website X that it would raise the price of all US Model Y vehicles by $1,000...
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US stock indices are under quarterly expiration pressure. The focus of attention this week is on central bank meetings

2024.03.18
Last week, the real estate, health care, and technology sectors were the biggest laggards, while energy, communication services, and commodities outperformed the market.
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Week's main events Week's main events (March 18 – March 22)

2024.03.18
The main focus this week is on the central bank meetings of the major economies
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