Asian increases; Hanging Sang leaps by 3%

08:52

This morning in Asia, the main indices are traded in a positive trend. The Niki rose 0.9%, a Shanghai stock exchange rising 1.2%, the hanging sang leaping 2.9%and the phrase adds 0.7%to its value.

The future contracts in the US are traded this morning at slight declines.

Last night in Wall Street, as mentioned, the trade is locked in sharp gates. NASDAC jumped 1.5%, S&P 500 rose 1.1%, and video Jones was locked at a similar rate.

Against the backdrop of the trend, President Trump announced the first exceeds in the customs imposed on Mexico, Canada and China and declared that the major automakers General Motors , Ford Motors andStalantis Will be exceeded for a month from the lids. This is an encouraging gospel for the United States when the close ties in the supply chains of US, Canada and Mexico countries, especially in the automotive industry, can lead to significant economic impairment if the tariffs remain valid for more than two weeks.

● 5 graphs and the question: Is Wall Street declines what investors waited for him?

The US Bank City explained that “US vehicle production accounts for about 2.5% of the real GDP, so even a short disorder may detract from a whole percentage of the annual GDP growth,” the bank indicates a time when the economic data is implemented anyway: Fed in the Atlanta. Moderate of only 0.1%. The bank maintains its forecast for first interest rates in May.

Tom Lee, an analyst in Fundstrat, optimally refers to the exceptional volatility that has raised Wall Street lately and estimates that “a lot of bad news has been priced in the markets.” Lee emphasizes that in his estimation the stock market is expected to register sharp increases in the coming months and think it is a good time to enter the market.

In an interview with CNBC, he noted: “I am optimistic. I mean, I can understand why investors sit on their hands … they don’t really know how much President Trump’s protective coverings will be severe, and how long they will remain, and we really saw repair in the stock market.

Lee continued to explain that “it means that the shares come up with bad news, which is a good sign that a lot of bad news is priced.” Alongside this, it is estimated that “it is very possible that in March April and director of sharp lice between 10%-15%.” In summary, “We already know that the shares will decrease before the peak of the bad news, so if we see the market not fading because of bad news, it means we will already be a lot of things that will set us up.”

In the American debt market, government bond returns rose. The 10-year return traded around 4.28% and the two-year return climbed to 3.99%.

The S&P credit rating agency published the countries’ debt report. According to the company’s “SOVERIGN DEBT” “, the long -term global sovereign debt will reach a new $ 77 trillion this year, following a 3% increase in debt issues. This is due to ongoing deficits and interest rate costs higher than expected.

The US is the largest producer, with a long -term sovereign debt of $ 4.9 trillion (out of total 36 trillion debts), which accounts for 40% of global issues. In China, the largest increase in debt issue, with $ 2.1 trillion. In Israel, the sovereign debt is expected to reach $ 51.2 billion,

Oil prices are slightly rising this morning (Thursday). After last night, sharp declines were recorded and reached a slum of six months against the backdrop of the trend, reports were published last night the intention of OPOC PLOS PLO to increase oil output and US trade policy that could lead to global slowdown. The price of a Benart type barrel is $ 69.75 this morning, the lowest level since September. The crude oil has also weakened and traded around $ 66.77 – the lowest level since November.

Row of OPS PLOS, which hold most oil reservoirs, are expected to increase supply from April. Industrial.

The Bitcoin price continues to recover in the face of the positive trend recorded last night in Wall Street. At this time, its price jumps by 5% and traded around $ 92,000.

In the macro sector, today at 3:15 pm ECB is expected to reduce interest rates in the euro block for the fifth time in a row. Ofin Klein, Head of Economics and Research in Harel Insurance and Finance, explained that: “We estimate that the central bank will reduce interest rates with a quarter of a percentage point for the fifth time in a row (sixth in the current turnover) to 2.5% (deposit interest), in light of the new growth, the uncertainty around the covers. According to the initial estimate, the euro-bloc inflation rate dropped to 2.4% in February, with the core inflation fell to 2.6%, the lowest level for almost three years.

“At the same time, we expect the central bank to sign that the interest rate reduction process is close to the end and it is likely that it has already seen a stop in the following decision, given the fact that inflation has stopped significantly in recent months and so the interest rate is already close to the” neutral “interest rate (which is not expanded and irrelevant).”

Later on Thursday, retail sales data in the Eurozone and US trade data are expected to be published.

Consumers in the US has dropped to nine months, which adds a dumbbell to markets. This is how the weekly report of a picsta bank indicates that the bank notes that the White House has been under pressure, as “the chance of a recession in the US first increased since the end of 2022”. At present, the eyes are married to US labor market data, which will be published on Friday.

The fiscal situation also adds to the pressure, after the House of Representatives has approved a 217 opposite majority against 215 a budget proposal that includes “trillions of trillions of dollars in taxes and expenses.” Meanwhile, highlights, American bond returns to 10 years have dropped to 4.2% following disappointing data, and investors are looking for clues to continue the Fed’s monetary policy.