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Today’s Market Recap: Powell Sends Dovish Signal, US Stocks Open High and Close Low, Dollar Index Rises for Fifth Straight Day
TradingKey - As Middle East hostilities continue to escalate, the market sold off on rallies despite Powell’s dovish signals indicating that rate cuts remain the primary theme for the year. The Nasdaq Composite closed down 0.73%, the S&P 500 fell 0.39%, while the Dow Jones rose 0.11%.
TradingKey
an hour ago
Oil Rises for a Fourth Day on Supply Cuts from Widening Middle East Conflict
BENGALURU, March 31 (Reuters) - Oil prices rose for a fourth day on Tuesday, with Brent crude poised for its largest monthly gain on record and U.S. crude futures set for their strongest monthly increase since 2020, because of supply constraints from the widening Middle East war.
Reuters
14 minutes ago
Gold Set for Worst Month in More Than 17 Years as US Rate-cut Hopes Fade
March 31 (Reuters) - Gold prices edged higher on Tuesday, helped by a softer dollar, but were poised for their worst month in more than 17 years as higher energy prices dimmed hopes for a U.S. interest rate cut this year.
Reuters
11 minutes ago
Core Inflation in Japan's Capital Slows, but War-driven Price Jump Looms
March Tokyo core CPI rises 1.7% yr/yr vs forecast +1.8%Index excluding fresh food, fuel rises 2.3% yr/yrWeak yen, oil spike seen propping up prices aheadMarkets see 70% chance of April rate hikeBy Leika Kihara TOKYO, March 31 (Reuters) - Annual core inflation in Tokyo slowed to a nearly two-year ...
Reuters
22 minutes ago
Trump tells aides he is willing to end Iran war without reopening Hormuz, WSJ reports
March 30 (Reuters) - U.S. President Donald Trump told aides he is willing to end the military campaign against Iran even if the Strait of Hormuz remains largely closed and leave a complex operation to reopen it for a later date, the Wall Street Journal reported on Monday.
Reuters
38 minutes ago
Japanese Government Bonds Hold Steady Before Two-year Auction
TOKYO, March 31 (Reuters) - Japanese government bonds (JGBs) held steady on Tuesday ahead of a sale of two-year securities, with markets assessing the central bank's response to rising inflationary pressures from the Middle East crisis.Reuters
43 minutes ago
Trump Issues New Warning to Tehran, Iran Calls US Peace Proposals 'unrealistic'
President Donald Trump warned on Monday that the U.S. would obliterate Iran's energy plants and oil wells if Tehran does not open the Strait of Hormuz, after Tehran described U.S. peace proposals as "unrealistic" and fired waves of missiles at Israel.Reuters
50 minutes ago
Iran Strikes Fully Laden Kuwait Oil Tanker in Dubai Port
A Kuwaiti oil tanker carrying a full load of crude was struck by Iran while anchored at Dubai's port, resulting in hull damage and a fire on board, according to a statement from state-run Kuwait Petroleum Corp.The attack on the very large crude carrier Al-Salmi occurred shortly after midnight local ...Tiger News
51 minutes ago
US Defense Secretary Hegseth's Broker Looked to Buy Defense Fund Before Iran Attack
A broker for U.S. Defense Secretary Pete Hegseth attempted to make a big investment in major defense companies in the weeks leading up to the U.S.-Israeli attack on Iran, the Financial Times reported on Monday, citing three people familiar with the matter.Reuters
51 minutes ago
War sets dollar for monthly rise, yen recovers on intervention threat
The dollar headed for its biggest monthly gain since July on Tuesday and stands out as the strongest so-called safe asset as war in the Mideast has set oil prices surging and raised the risk of global recession.Reuters
51 minutes ago
US Stock Futures Advance Monday as Market Focuses on Middle East Situation
TradingKey - Major U.S. equity index futures traded higher on Monday as oil prices continued to climb. As of 8:00 AM ET, S&P 500 futures rose 34 points, or 0.53%; Nasdaq 100 futures gained 0.50%; and Dow Jones futures were up 254 points.TradingKey
14 hours ago
Gold Firms on Dip-buying; Dimming Fed Rate-cut Hopes Cap Rise
March 30 (Reuters) - Gold rose on Monday on dip-buying, but gains were capped by a surge in energy prices that fuelled inflation worries and further dimmed expectations for U.S. Federal Reserve interest rate cuts this year.Reuters
17 hours ago
Ethereum Could Hit $40,000 And Beat Bitcoin, Standard Chartered Says
Standard Chartered’s Global Head of Digital Assets Research Geoffrey Kendrick said Ethereum could climb to $40,000 by 2030 and outperform Bitcoin along the way, arguing that the next wave of tokenization, stablecoin growth, and institutional blockchain buildout is likely to land first on Ethereum. S...NewsBTC
17 hours ago
Morgan Stanley Downgrades Global Equities; Sees US as 'defensive' Market Amid Mideast Conflict
March 30 (Reuters) - Morgan Stanley downgraded global equities and upgraded cash and U.S. government bonds, as investors shun risk in favor of safe-haven assets due to mounting uncertainty stemming from the Middle East war.Reuters
17 hours ago
Energy and Renewables Support the Stoxx
Energy stocks .SXEP resumed their ascent on Monday, hitting a fresh record high and helping the STOXX 600 .STOXX move into positive territory in early trading, after a softer start on lingering worries over a prolonged conflict in the Middle East.Reuters
17 hours ago
S&P Affirms Japan Debt Rating but Warns of cut if yen Weakens Much Further
TOKYO, March 30 (Reuters) - S&P Global Ratings on Monday affirmed its rating of Japan's sovereign debt but said it may lower it if the yen weakens much further, reflecting the country's deteriorating economic competitiveness.The credit-rating firm said it affirmed its A+/A-1 rating on Ja...Reuters
19 hours ago
