Market Overview Archive - Page 26 of 203

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.

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%.

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...

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.

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

Rising US producer inflation may reduce the number of scheduled Fed rate cuts

2024.03.15

Thursday's US retail sales report for February 0.6% m/m was weaker than market expectations of 0.8%, while the January figure was revised downward to 1.1% m/m from 0.8%.

Silver prices have reached a one-year high. Oil is growing amid a decline in inventories

2024.03.14

Fed Chairman Powell said last week that the Fed is "not far" from being confident enough to cut interest rates.

ECB intends to cut rates this spring. The US stock indices grow despite inflation growth

2024.03.13

Currently, markets are pricing the odds of a 25 bps rate cut at 1% for next week's FOMC meeting on March 20, 15% for the next meeting on May 1, and 78% for the subsequent meeting on June 12.

Natural gas prices are falling again. Chinese indices are growing amid support from the Central Bank

2024.03.12

Nvidia shares suffered profit-taking last Friday after initially hitting a record high and rising more than 17% over the previous six sessions.

The US labor market is cooling. ECB officials talked about cutting rates in the spring

2024.03.11

Although the US economy added 275K jobs, unemployment jumped to 3.9%, and wage growth slowed. The data indicates that the labor market has begun to cool down.