3/2/2024 0 Comments Download tradestation 9.5![]() ![]() The USDIndex slipped to 102.70 from 103.384 and is seeing broadbased declines. Microsoft and other tech giants along with Goldman shares, which jumped 1%, have boosted the Dow higher. Stock futures are higher across Europe, but while the US100(NASDAQ) has found buyers, the US30(Dow Jones) is slightly lower but holds above its record high at 38k. It was at a 2023 peak of 4201 in late January 2023. We see more of a dovish lean from the downwards forecasts, with the Bank likely to leave its stance in ultra-accommodative mode until April when the wage talks should be under our belt.Īsian stock markets mostly moved higher, with the Hang Seng surging 3% to a session peak of 15,472 before paring gains to 15,345. The CSI rose to 3240 after slumping to a 5 year low of 3218 yesterday. There were no significant indications on forward guidance. BoJ governor Ueda said there is more certainty in the outlook, which saw JGBs paring earlier gains. Japan: The BoJ left policy unchanged, maintaining its -0.100% policy rate and keeping YCC intact, as well expected. Sources suggest authorities are proposing some $278 bln be invested in onshore funds. Market Recap: Asia stocks higher Yen up post Ueda’s comments.Ĭhina: Reports that Chinese officials are looking into a rescue package for the beleaguered stock market has given Asian equities, and particularly the Hang Seng, a big lift.
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