Economic indicators and central banks:
- U.S. and European stock futures also fell, reflecting declines in Asian stocks. China’s adjustment to mortgage reference rates did little to allay concerns about the world’s second-largest economy.
- China implements record interest rate cuts The central bank cut the five-year prime rate by 25 basis points to 3.95%, exceeding economists’ expectations for a 5-15 basis point cut.
- The RBA remained cautious and further signaled that a rate cut was not imminent.. Minutes of the central bank’s February meeting released today said policymakers needed additional time to see if inflation was actually falling before considering a potential rate hike. It was shown that
- market sentiment Economies outside China slumped as expectations for a U.S. interest rate cut waned after higher-than-expected producer and consumer prices.
- today: Canadian inflation and European wage data expected to influence future market movements.
Market trend:
- Nikkei Shimbun (JPN225) It is down 0.3% from its recent high.
- US government bond yield slightly edged, S&P500 (USA500) futures and european futures Both decreased by 0.3%.
- BHP GroupThe world’s largest mining company reported underlying profits of $6.57 billion, below consensus expectations, and said demand from top customer China was healthy despite a weak housing market. said.
Financial market performance:
- of The USD index rose significantly above 150 yen, US interest rates are expected to remain high despite Japan’s economic recession and uncertainty over the monetary policy exit.
- of Australian person, Often seen as an indicator of the health of China’s economy, it remains largely unchanged. iron ore futures, The decline was 3%, related to construction demand in China.
- of Former The index initially fell to a three-month low, but stabilized at 7.1981 at the Asian close.
- Money Little changed after trading gradually higher on Monday. $2,020 per ounce.
- of US oil Stocks rose slightly on the back of continued tensions in the Red Sea, a key trade route. The price is set to retest January’s highs.
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Andria Piscidi
market analyst
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