• Mon. Jun 10th, 2024

Mixed trends in Asia as Nikkei Index increases by 0.8%


Mar 27, 2024

Trade review encompasses a wide range of financial information, including current reports, trends, indices, stock prices, bonds, foreign exchange, commodities, and analyst recommendations. In Asia, most major indices are trading down, except for the Nikkei which rose by about 1%. On Wall Street, futures are trading higher this morning with Nasdaq, Dow Jones, and S&P 500 up 0.3%.

Yesterday, Wall Street closed lower after seeing price increases throughout most of the trading day. The Nasdaq index fell by 0.4%, the Dow Jones by 0.1%, and the S&P 500 by 0.3%. Notable market movements include Donald Trump’s social network, Truth Social, which saw a 50% spike on its first day of trading. Krispy Kreme’s stock jumped by 40% after reaching an agreement with McDonald’s to sell donuts in all its US stores.

Oil prices have risen slightly, influenced by OPEC Plus’s decision to extend cuts in oil exports. However, the acceleration of oil production in the US could offset this, according to Bank Leumi’s chief economist. Cocoa prices, on the other hand, have soared to all-time highs due to production challenges in the Ivory Coast and Ghana, leading to a global shortage.

Global interest rate outlook suggests potential cuts later this year, with many major central banks indicating possible decreases. Furthermore, the Bank of Israel may lower interest rates in April, based on recent developments. Experts predict market reactions to interest rate cuts, with expectations for positive stock market performance following such actions.

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