- Rally on Wall Street was paused today, after major US indices climbed to fresh record highs at the end of the previous week. S&P 500 500 trades flat, Dow Jones and Nasdaq drop 0.2% while small-cap Russell 200 gains 0.2%
- European stock market indices traded mixed today - German DAX traded flat, French CAC40 and Dutch AEX gained 0.3%, UK FTSE 100 dropped 0.5% while Spanish Ibex and Italian FTSE MIB traded little changed
- Rally on the cryptocurrencies market continues, with Bitcoin jumping above $67,000 mark today. The most famous cryptocurrency is trading around 3% below its all-time highs from November 2021
- Gold extended Friday's gains and climbed above $2,100 per ounce today. Precious metal is on the way for the first daily close above $2,100 in history
- Fitch downgraded New York Community Bancorp to 'junk' level amid concerns over bank capital adequacy and its exposure to commercial real estate sector
- Natural gas rallies 6% after EQT, one of the largest US natural gas producers, said it will cut output in March by around 1 billion cubic feet per day following a warm winter and amid elevated inventory levels
- GBP and EUR are the best performing major currencies, while JPY and NZD lag the most
- Fed Bostic said that inflation in the US is on track to 2% target, but it is still too early to claim victory
- OPEC+ announced that it will extend 2.2 million barrels per day of voluntary output cuts through the second quarter of 2024
- Euro area Sentix index improved from -12.9 to -10.5 in March (exp. -10.9)
- Swiss CPI inflation decelerated from 1.3 to 1.2% YoY in February (exp. 1.1% YoY)
- Turkish CPI inflation accelerated from 64.9 to 67.1% YoY in February (exp. 65.7% YoY)
- Australian business inventories for Q4 dropped 1.7% QoQ (exp. +0.2% QoQ)
- Australian building approvals declined 1.0% MoM in January 2024 (exp. +3.9% MoM), following a 10.1% MoM plunge in December 2023
BITCOIN climbed above $67,000 mark today for the first time since November 2021. Coin has erased part of the gain but continues to trade 6% higher on the day. Price trades around 3% below all-time highs. Source: xStation5
