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Global Market Quick Take: Asia – March 20, 2024
Big tech momentum extended further and helped S&P 500 to push to record highs, with a slew of dovish data and central bank narratives in market. Historic decision from Bank of Japan to remove negative rates came with lack of visibility on further normalization plans, while RBA’s tone and Canada’s inflation threw dovish surprises. Fed announcement is the next big focus, with risks tilted hawkish. USDJPY is threatening intervention zone near 151, while Copper and Gold pulled back slightly on dollar strength. chart Equities: After having started the US session on a sour note, stocks rebounded led by big tech, and ... (full story)
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- Posted: Mar 20, 2024 12:52am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,637
