Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
08:05
Asian stock markets are trading today in a mixed trend: the Hang Seng index in Hong Kong registers an increase of about 0.7%, in Tokyo the Nikkei falls by 0.3%, and in Seoul the Kospi climbs by 0.5%. The Shanghai Stock Exchange is trading stably.
Slight increases are now being recorded in futures trading on US stock market indices. Last night on Wall Street there was a mixed lock: the Dow Jones index rose by about 0.6%, while the Nasdaq index retreated by about 0.5%. The S&P 500 index registered an increase of about 0.2%.
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On Wall Street, yields on American government bonds rose last night: the yield on the 10-year bond increased by 16 basis points to 3.54%, and the yield on the two-year bond increased by 24 basis points to a level of approximately 4.02% Now they are trading stably.
The commodity market is now seeing slight declines in crude oil contract prices after sharp increases of more than 4% last night. The price of gold registers a slight increase to about $1,960 per ounce.
In the global forex market, the dollar weakened by about 0.1%-0.2% against the euro and the pound and about 0.7% against the Japanese yen.
The crypto market is stabilizing today after yesterday’s sharp declines: Bitcoin is trading around $27,000, and Ethereum around $1,710.
In the macro field, no significant data will be published today. On Thursday, the latest growth figure for the last quarter of 2022 will be published in the US, with the estimates being that GDP increased by 2.7% in an annual summary, and that the quarterly inflation rate derived from GDP amounted to 3.9%. On Friday, the Consumer Expenditure Price Index (PCE) will be published , the Federal Reserve’s preferred inflation measure, and forecasts are for a monthly increase of 0.4% in February and an annual rate of 4.7%, unchanged from January.
In the Eurozone, an initial figure of the consumer price index for the month of March will be published on Friday. According to the forecasts, inflation will moderate substantially to 7.2% on an annual basis, after measuring 8.5% in February.