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Wall Street indices finished yesterday’s session lower, making a pause after rallying to all-time highs at the end of the previous week. S&P 500 dropped 0.12%. Dow Jones moved 0.25% lower, Nasdaq declined 0.41% and small-cap Russell 2000 moved 0.10% lower

Tuesday News
  • Wall Street indices finished yesterday’s session lower, making a pause after rallying to all-time highs at the end of the previous week. S&P 500 dropped 0.12%. Dow Jones moved 0.25% lower, Nasdaq declined 0.41% and small-cap Russell 2000 moved 0.10% lower
  • Indices from Asia-Pacific traded mixed today – Nikkei gained 0.1%, S&P/ASX 200 dropped 0.1%, Kospi declined 0.8%, Nifty 50 moved 0.3% lower and indices from China traded mostly higher
  • DAX futures point to a lower opening of the European cash session today
  • Bitcoin continues to gain and reached a daily high near $68,700 during the Asia-Pacific session today. All-time highs from November 2021 can be found slightly below $69,000 mark
  • According to a Reuters report, China will target economic growth of ‘around 5%’ in 2024, similar as in 2023
  • US Securities and Exchange Commission delayed spot Ethereum ETF from BlackRock, which is now expected not to receive approval before May
  • Chinese private services PMI index ticked lower from 52.7 to 52.5 in February (exp. 52.9)
  • Core CPI inflation in Japanese Tokyo area accelerated from 1.8% to 2.5% YoY in February (exp. 2.5% YoY)
  • Australian final services PMI for February came in at 53.1, up from 52.8 signalled in flash release
  • Australian current account balance for Q4 2023 showed a surplus of A$11.8 billion (exp. +A$4.95 billion)
  • Energy commodities trade lower today – oil drops 0.5% while US natural gas prices trade 0.3% lower
  • Precious metals trade mostly lower amid USD strengthening – silver drops 0.3%, platinum trades 0.8% lower and palladium slumps 1.5%. Gold trades 0.1% higher after making the first daily close above $2,100 yesterday
  • USD and EUR are the best performing major currencies, while AUD and NZD lag the most

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