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MARKET WATCH: 27th March 2024

BY LAWRENCE J. | Updated March 27, 2024

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Financial Analyst/Content Writer, RADEX MARKETS Lawrence J. came from a strong technical and engineering background before pivoting into a more financial role later on in his career. Always interested in international finance, Lawrence is experienced in both traditional markets as well as the emerging crypto markets. He now serves as the financial writer for RADEX MARKETS. đọc thêm
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Barring a few outliers, most markets have been content to take it easy so far in what is set to be a relatively uneventful week, economically speaking. Given last week’s hysteria one can hardly blame them. As the month draws to a close, US indices made minor pullbacks from the highs of the previous week, the DJI putting in losses of 0.41% and 0.08% over the past two sessions. The S&P 500 drifted 0.31% and 0.28% to the downside over the same period; the Nasdaq Composite closed 0.27% and 0.42% in the red.

Apparently the German DAX didn’t get the memo however, printing its sixth consecutive all time high yesterday. Other than the prospect of future interest rate cuts for the Euro, the reasons for the continued push northwards aren’t immediately apparent.

Gold made an attempt to forge a path higher on Tuesday, gaining $30 intra-day to tap $2,200 an ounce. The attempt was ultimately fruitless unfortunately, subsequently falling back to finish the day a mere 0.32% in the black.

The only real possible spur to markets this week will arrive on Thursday in the form of jobless claims, courtesy of the US Department of Labor. A day later will see the publication of the core PCE price index, the Federal Reserve’s favourite inflation gauge, however most markets are closed due to Good Friday so we’ll have to wait until next week to see the full reaction to those figures. Fed Chair Jerome Powell will speak in San Francisco on the same day.


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