by JustForex
On Tuesday, Janet Yellen, the newly elected Treasury Secretary and former Fed chief, unexpectedly announced about the possible interest rate hike in order to avoid the overheating of the economy. Taking into account the strategy of many investors “Sell in May and go away”, the major U.S. indices reacted with a sharp decline, but slightly recovered their positions by the end of the session.
European stock markets also declined on Tuesday amid a sell-off in technology stocks. British FTSE fell by 0.67% and German DAX lost -2.49%.
Oil prices continue to show the upward trend. Today, the news on Сrude Oil Inventories are expected to be announced, so the volatility will be high.
The holidays in Japan, China and South Korea helped “soften” the movement in the Asian market, and, as a result, the broadest MSCI Asia-Pacific stock index remained at the same level.
PayPal, PepsiCo, Uber, Danaher Corp., Unilever, Philip Morris, Booking Holdings and General Motors are reporting for Q1 2021 today.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Main market quotes:
S&P 500 (F) 4,192.66 +11.49 (+0.27%)
Dow Jones 34,113.23 +238.38 (+0.70%)
DAX 15,236.47 +100.56 (+0.66%)
FTSE 100 6,969.81 0 (0%)
USD Index 90.96 -0.33 (-0.33%)
- – RBNZ Financial Stability Report (m/m) at 00:00 (GMT+3);
- – New Zealand Employment Change (m/m) at 01:45 (GMT+3);
- – New Zealand Unemployment Rate (m/m) at 01:45 (GMT+3);
- – New Zealand Governor Adrian Orr Speaks at 02:00 (GMT+3);
- – US ADP Non-Farm Employment Change (m/m) at 15:15 (GMT+3);
- – US ISM Services PMI (m/m) at 17:00 (GMT+3);
- – US Crude Oil Reserves at 17:30 (GMT+3).
by JustForex
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
- AI Revolution and NVDA: Why Tough Going May Be Ahead Mar 28, 2024
- GBP Consolidates Amid Concerns Over Economic Growth and Wage Trends Mar 28, 2024
- The Australian and German indexes set all-time highs. The Reserve Bank of South Africa kept the rate at 8.25% Mar 28, 2024
- Target Thursdays: EURGBP, GBPUSD & Crude hit targets! Mar 28, 2024
- EURSEK: Hits fresh 2024 high at 200-day SMA Mar 27, 2024
- Australia has seen a decline in inflationary pressures. Japan may conduct currency intervention shortly Mar 27, 2024
- Australian Dollar Slides to Three-Week Low Mar 27, 2024
- Trade restrictions between the US and China are intensifying. Japan’s currency diplomats talk about possible intervention to support the yen Mar 26, 2024
- Japanese Yen Awaits Intervention Amid Weakness Mar 26, 2024
- NETH25 index chasing new record highs! Mar 26, 2024