24/03/2023
Today’s Announcements & News
Asia
Investors are weighing remarks from U.S. Treasury Secretary Janet Yellen, who stated that federal emergency actions to support failed regional banks could be used again if necessary. As a result, Asia-Pacific markets point to a negative opening on Friday.
In contrast to her remarks the day before, when she informed senators that the Treasury was not considering any plans to insure all U.S. bank deposits without congressional approval, this sent a different message.
In Australia, the S&P/ASX 200
was 0.59% lower, while in Japan, the Nikkei prospects contract in Chicago was at 27,120, and its partner in Osaka was at 27,110 against the Nikkei 225′s
last shut down at 27,419.61 .
In March, Japan’s core inflation was 3.1%, marking the first slowdown in inflation since January 2022, while headline inflation was 3.3%.
United States
As investors returned to the U.S. banking system from the Federal Reserve meeting this week, futures on the Dow Jones Industrial Average were nearly flat Thursday night.
Dow futures gained 16 points and traded close to the flatline. Nasdaq-100 futures lost 1%, while S&P 500 futures remained unchanged.
After a volatile session on Wednesday that saw the three major indexes finish higher, the extended-hour moves followed. Technology shares continued to rally on a hunch that interest rate hikes would be ending. With a gain of 1%, the Nasdaq Composite posted the largest gain. The S&P 500 gained about 0.3 percent at the close, while the Dow gained 0.2 percent. The three indices are all on track to finish the week in the black.
Commodity
After the Federal Reserve indicated that an end to its monetary tightening cycle might be in the cards, gold prices extended gains for a second consecutive session on Thursday. This gain was aided by a decrease in the value of the US dollar and the yields on Treasury securities.
U.S. gold futures increased 2.4% to settle at $1,995.90, while spot gold gained 1.18 percent to $1,992.81 per ounce.
The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.
