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Indexes from Asia and the Pacific mostly record an uptrend session despite a weaker session on Tuesday at Wall Street.

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Wednesday News
  • Indexes from Asia and the Pacific mostly record an uptrend session despite a weaker session on Tuesday at Wall Street.
  • The Japanese Nikkei is down 0.05%, the Australian S&P/ASX 200 is up 0.15%, and the indexes from China are gaining between 1.79-2.00%.
  • Futures contracts for European indexes also indicate a slightly higher opening for the cash session in Europe.
  • In the forex market, we do not observe significant changes in the first part of the day, with most forex rates fluctuating between +-0.20%. The currencies losing the most in the first part of the day are CHF, USD, and GBP, while JPY is gaining. The USDJPY pair is down 0.12% today and is back below the 150 level.
  • Australia’s economy grew by just 0.2% in the December quarter, which was lower than the population growth, meaning that economic activity per person fell again. The data was slightly worse than the expected 0.3% q/q.
  • Core inflation in South Korea accelerated again at a pace higher than expected after three consecutive months of decline. The benchmark consumer price index rose by 3.1% in February compared to the previous year, after rising by 2.8% in the previous month.
  • U.S. forces shot down one anti-ship ballistic missile and three unmanned aerial systems launched from Iranian-backed Houthi areas of Yemen towards USS Carney in the Red Sea, according to the U.S. Central Command.
  • CrowdStrike surges over 23% in after-hours trading on Tuesday following the cybersecurity company’s announcement of better-than-expected earnings and revenue, alongside providing an upbeat guidance for the upcoming quarter and full year.
  • In the cryptocurrency market, we observe a rebound after the dynamic drops that occurred after yesterday’s achievement of ATH on Bitcoin. When the price reached USD 69,000, there was a cascading liquidation of positions on contracts.
  • Investors had previously positioned themselves for short trades at these levels. However, losses were quickly recovered, this time during the liquidation of short positions.
  • At the time of publication, Bitcoin is gaining 3.40% to the level of USD 66,000. Ethereum is listed as much as 5.80% higher to the level of USD 3,760. Capital flow from Bitcoin to smaller projects is still noticeable. In recent days, returns on ETH exceed those on BTC.

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