
- Wall Street closed the Friday session with significant losses (S&P 500: -2%, DJIA: -1.7%, Nasdaq: -2.7%, Russell 2000: -2.05%).
- The source of the negative sentiment was a higher-than-expected reading of the core PCE inflation, a record-low consumer confidence index, and growing concerns over the upcoming “counter tariffs” that Donald Trump is expected to announce on April 2.
- Markets in Asia and the Pacific opened the new week with a sell-off (HSCEI: -1.5%, Shanghai SE Composite: -1%, Nikkei 225: -4%, Kospi: -2.9%, S&P/ASX200: -1.5%) amid fears about the consequences of the trade war.
- The collective MSCI Asia Pacific index (-2%) is most weighed down by the stocks of Asian tech giants: TSMC, Samsung, Tencent, and Alibaba.
- A significant exception is the shares of state-owned car manufacturers in China (Dongfeng Motor: +6%, Changan Auto: +2%), after the government announced plans for mergers and restructuring in the sector.
- Industrial production in Japan is struggling with stagnation. The index rose only 0.3% YoY (forecast: 1.2%, previously: 2.2%), while on a MoM basis, we observe a rebound above expectations following a very weak January (2.5%, forecast: 2%, previously: -1.1%).
- Chinese PMIs for March came in slightly above expectations. The services reading came in at 50.8 (forecast: 50.6), while the manufacturing index was 50.5 (forecast: 50.4).
- On the forex market: the dollar extends its correction from Friday (USDIDX: -0.2%), the Japanese yen dominates G10 gains, benefiting from concerns about tariffs and moves in the dollar (USDJPY: -0.57%), and EURUSD rises above 1.08 (+0.12%).
- Gold shows no signs of slowing down, rising 0.9% to $3111 per ounce, while silver returns to gains (+0.6% to $34.32 per ounce).
- Oil loses some ground amid Trump’s threats that the US will impose new tariffs on countries importing Russian oil if Putin does not cooperate in efforts to end the war in Ukraine. (Brent: -0.3%, WTI: -0.5%).
- The largest cryptocurrencies continue their declines: Bitcoin loses 0.5% to $82,115, Ethereum falls 0.3% to $1808, while Solana (+2%) and Polygon (+1%) contracts are trading in the green.
- The key macro data today will include retail sales in Germany, and regional PMI reports from the US.
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.