View full page at forexfactory.com

 

Global Market Quick Take: Asia – March 7, 2024

From home.saxo

Markets saw a dovish tilt in Fed Chair Powell’s testimony, which kept stocks firmer and sent the dollar lower. US jobs data also started to show mild weakness. Big tech underperformed the broader market, although Crowdstrike surged post-earnings. JD.com also reported strong earnings and its ADS surged over 16%. Japan’s wage data surprised on the upside, strengthening the yen but Japanese equities gapped higher at the open on improved sentiment. Battle of the top policymakers ahead today, with both Powell and Lagarde on tap. {table} US Equities: Following a moderately dovish testimony from Fed Chair Powell, US stocks ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis