Cryptocurrency
Core inflation in the USA exceeded forecasts for the second month, confirming the Fed’s cautious interest rate cut view.
The US federal government’s budget deficit increased by 13 percent in February compared to the same month last year, reaching $296 billion.
Gold extends losses as US inflation data reinforces Fed caution.
CME Group signaled its entry into the $26 trillion market by announcing its intention to apply to exchange U.S. Treasuries. This development positions CME Group as a potential new player in the world’s largest bond market.
The US dollar held its position against a number of rival currencies today as investors weigh the impact of recent inflation data on the Federal Reserve’s interest rate decisions.
Citadel boss Ken Griffin says the Fed should move slowly when cutting interest rates.
The European Parliament (EP) has approved the law that will increase the energy performance of buildings and reduce carbon emissions in European Union (EU) countries.
European Central Bank Governing Council member Pierre Wunsch stated that the ECB may take a risk by cutting interest rates soon, despite persistently high wage inflation and increases in service prices.
Crude oil production of the Organization of Petroleum Exporting Countries (OPEC) increased by 203 thousand barrels per day compared to the previous month in February, reaching approximately 26 million 570 thousand barrels, as Iraq exceeded its production quota. Crude oil production of the Organization of Petroleum Exporting Countries (OPEC) increased to approximately 26 million 570 thousand barrels in Iraq. As Turkey exceeded its production quota, it increased by 203 thousand barrels per day in February compared to the previous month, reaching approximately 26 million 570 thousand barrels.
Oil rose after four days of losses as an industry report pointed to a contraction in US crude inventories, offsetting OPEC’s hesitant cuts.
In a major development for Japan’s economy, major companies are preparing to offer significant wage increases following annual negotiations with unions that end today. These wage increases are expected to be a critical factor as the Bank of Japan (BOJ) considers ending long-standing negative interest rates at its policy meeting next week on March 18-19.
Asia-Pacific markets were mixed after Wall Street jumped overnight following US inflation data that largely missed expectations.
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