Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
16:22
Strong start for Canada’s economy – gross domestic product rose 0.6% in January, more than expected and more than the previous month, 0.4%. In total, GDP was 2.22 trillion Canadian dollars (1.63 trillion US dollars). In January last year, GDP rose by 0.9%.
15:54
Yoni Penning, chief transaction strategist at the Mizrahi Tefahot chamber of commerce, commented this afternoon on the publication of the PCE index, “Despite the figure being lower than expected, it is still somewhat marginal, and is enough to push the annual PCE inflation up to the level of 2.5%. This is the first time It has been five months since the annual PCE inflation has been rising. And it is still evident that, similar to the CPI inflation, which was published about two weeks ago, the increase in the prices of services is largely offset by the decrease in the prices of tradable products, and the moderation of housing prices.”
“In particular, while the chairman of the Fed indicated in the last interest rate announcement about intentions to start lowering the interest rate in June, the ability to be convinced that inflation is indeed falling towards the target, is critical to this matter. And the bottom line, the lack of surprise here supports our assessment of the Fed’s current path. However, looking ahead, U.S. station gasoline prices, which are highly correlated with overall inflation, continued to rise in early March, stabilizing over the past week at just above $3.50 a gallon. The impact of this increase could be material on the next index. So there Here, at least one more teacher has to pass, before the expectations for the download in June materialize.”
15:33
A few minutes ago, the PCE index, the inflation index preferred by the Federal Reserve, was published in the US, and it was 2.8% on an annual basis, as expected and less than the index recorded the previous month, 2.9%. The monthly private expenditure core, which excludes food and energy prices, rose by -0.3% on a monthly basis in February, down from 0.5% recorded in the previous month.
The PCE index, which includes volatile food and energy prices, was 0.3% this month, less than expected, and 2.5% on an annualized basis, as expected.
12:55
Today we celebrate Good Friday, so there will be no trading on European stock exchanges and on Wall Street.
In the last day, Bitcoin has weakened by about 1%, and the price of a unit is 69.77 thousand dollars. The ether currency loses about 1.4%, and it is trading around $3,530 per coin.
Yesterday the first quarter of the year closed on Wall Street. stock Microsoft ended the quarter with a 13.4% increase, Dark lost 7.6% since the beginning of the year, Alphabetical added 9%, Amazon The chip stock climbed by 20.3% in the quarter Intel decreased in the same period by 7.6%, AMD increased by 30%.
10:00
Asian stock markets closed higher. The Nikkei index in Tokyo rose 0.4%, recovering slightly from yesterday’s 1.5% fall. The Shanghai index rose 1%, the Shenzhen index added 0.4%, and the South Korean Kospi index was locked at base levels.
Nissan shares jumped 1.8% in Tokyo, Mitsubishi Motors added 2.1%.
Today we celebrate Good Friday, so there will be no trading on European stock exchanges and on Wall Street.
7:30
in asia, The Nikkei traded up 0.3% this morning, The Shanghai index is up 0.5%, the Shenzhen index is down 0.2%, and the South Korean Kospi index is trading at base levels.
Today we celebrate Good Friday, so there will be no trading on European stock exchanges and on Wall Street.
Crude oil prices rise by about 2.2%, and the price of a barrel of American oil stands at $83.1.
Gold is trading at record prices. With a jump of 1.9%, an ounce of gold for immediate delivery (spot) is now trading around $2,255. Thus, gold closes the best month since July 2020. Since the beginning of March, gold has jumped by 9.8%.
The Bitcoin rally continues. In the last day, the popular cryptocurrency added 1.2%, and the unit price is 70.5 thousand dollars. The ether currency adds about 1.9%, and is trading around $3,580 per coin.
Last night on Wall Street, the last trading day for the first quarter of 2024 closed with a mixed trend. The S&P 500 index rose by 0.1% and broke again, for the 23rd time since the beginning of the year, the Dow Jones index also rose by 0.1% and broke a record, the Nasdaq index fell by 0.1%.
In a quarterly summary, the S&P 500 rose by about 10% and this is the best first quarter of the index since 2019, the Dow Jones rose in the same period by about 6% and the Nasdaq by about 9%.
The chip stock Nvidia closed last night with no significant change, in March the stock rose by 9.8%, and in the first quarter of 2024 it completed a jump of 87.6%.
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