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FXCentrum
March 14, 2024
1 minute read
Market Analysis

Wall Street indices finished yesterday’s trading mixed – S&P 500 dropped 0.19%, Dow Jones gained 0.10%, Nasdaq declined 0.54% and small-cap Russell 2000 added 0.33%
Indices from Asia-Pacific traded mixed today as well – Nikkei gained 0.5%, S&P/ASX 200 dropped 0.2% while Kospi and Nifty 50 moved 0.8% higher. Indices from China traded 0.5-1.0% lower
European index futures point to a flat or slightly lower opening of today’s cash session on the Old Continent
UA Zensen, Japan’s largest industrial trade union, said that average pay hikes offered by over 230 of its firms this year were the highest since 2013
Nikkei reports that Bank of Japan plans to discuss whether to end negative rates at next week’s meeting
Mitsubishi UFJ Financial Group (MUFG) expects Bank of Japan to begin tightening policy next week. However, hikes are expected to be gradual following exit from negative interest rates
US Treasury Secretary Yellen said that it seems unlikely that interest rates will return to pre-pandemic lows
Fitch expects Fed and ECB to cut rates three times each this year for a total of 75 basis points of easing
Bitcoin adds 0.8% and is trading near $73,500 mark
Energy commodities trade slightly higher while precious metals pull back
NZD and USD are the best performing major currencies, while JPY and CHF lag the most

*All Translations from English are provided by an A.I. Solution. WTG Ltd. is not responsible for any incorrect information in translations. Please Contact Support for any inquiries.

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