Market Insights

Although markets were expecting a more hawkish stance from the Fed due to recent economic releases that showed higher inflation

US equities declined sharply during yesterday's trading due to signs of higher inflation and economic slowdown.

The three major US stock indices closed slightly higher yesterday, with an average gain of 0.3%, despite a lack of significant news.

In observance of Showa Day, the Japanese banks were closed in early Asia. As a result, the Japanese Yen experienced a sharp decline.

The release of multiple economic indicators in the US yesterday took the markets by surprise, resulting in a significant drop in US indices

US equities closed slightly higher as markets focused on earnings and upcoming economic releases, including US GDP and Core PCE Price index.

Although numerous economic reports have been released in the past few days, markets have remained relatively stable.

Global markets, particularly in the US, have recovered some of last week's losses. Investors eagerly await further economic releases later

Last week, the global markets suffered due to high geopolitical tensions. Commodities rose significantly while stocks tumbled.