每日最热新闻
The statements by the Fed representatives that they are not worried about the growth of the US Treasury bonds yield, weakened the stock indices and strengthened the dollar rate. The American regulator is expected to publish new economic data today. Amid a decrease in global risks due to mass vaccination against coronavirus, precious metals fell in price, while the prices of copper and non-ferrous metals rose.
外汇新闻
On Tuesday, the US dollar index updated its 3-week high but then edged down. At first, investors responded positively to Fed's statements that the rise in the US government bonds yields poses no threat. At the same time, the increase in inflation may be caused by the accelerated GDP growth. Later, the dollar index began correcting against the backdrop of a short-term fall in the 10-year Treasury notes yield below 1.4% per annum. No significant macroeconomic data were released in the US yesterday. The euro rose despite the negative data on retail sales in Germany in February (-8.7%). Investors have also ignored ECB head Christine Lagarde’s statement that the European regulator will fight against rising interest rates on loans to businesses and EU citizens. This could be a sign of a future increase in the money supply. The Australian dollar was up slightly on strong Q4 GDP data (+3.1% QoQ). This was offset by a negative statement of the Reserve Bank of Australia that the rate (+0.1%) could remain at a low level for long (until 2024).
股市新闻
On Tuesday, the US stock markets faded. The announcement by the Fed representatives that they will not yet hinder the growth of Treasury notes yields supports the US dollar rate, but negatively affects the stock indices. In addition, some investors are negative about the delay in the United States Senate’s approval of the $1.9 trillion stimulus package. ADP Employment Change for February will be published in the US today. It will help to forecast Non-Farm Payrolls, which will be released on Friday. In addition, the US non-manufacturing PMIs from Markit and ISM and the Fed Beige Book will be published today. All forecasts are neutral. The regional Fed representatives will also speak today.
商品市场新闻
World oil prices dropped on Tuesday for the 4th day in a row. The independent API reported an unexpected increase in US oil reserves, for the second time in a row, by 7.36 million barrels over the week. Official data on stocks will be released today. Oil quotes are now slightly higher ahead of tomorrow's OPEC+ decision regarding an increase in production in April.
黄金市场新闻
Yesterday morning, gold prices updated their low since June 2020 amidst the increase in the US dollar index. Thereafter, they ended higher for the first time after a 5-day drop. Growth in gold quotes on Tuesday was facilitated by a reduction in the US government bonds yield. In February, the gold price fell by 6.6%, which was the largest decline since November 2016. The main reason for the fall in precious metals prices was the decrease in global risks amid the massive vaccination against coronavirus. Note that for the same reason, industrial metals such as copper rose in price. In February, copper showed the maximum monthly growth in 4 years (+16%).