- Economic calendar in Asia - Friday, 24 March 2023 - Japan inflation data
<p>Earlier this month we had the February inflation data for the Tokyo area:</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-data-tokyo-area-headline-cpi-in-february-34-prior-44-20230302/" target="_blank" […]
- Big divergence between tech and the rest of the stock market. Bank worries worsen
<p>The day started off with S&P 500 futures flat but that turned into a big rally shortly afterwards but it didn't last as the pain re-started in US regional banks and the worries spread. Despite that, US tech stocks did well, gaining 1% as […]
- Durable goods and S&P Global flash PMI are on Friday's US economic calendar
<p>It will take some time before we get a handle on potential bank credit tightening due to the banking spat but we still also don't know how well the economy was doing before the problems hit. There were signs of acceleration but also signs that […]
- Yellen changes here opening remarks to highlight potential further action on deposits
<p>Treasury Secretary Janet Yellen cut the legs out of stock markets yesterday in her testimony to the Senate when she said that no further action was coming for depositors. Today she's appearing in the House and <a […]
- US stocks continue to lose ground as banks sink
<p>The S&P 500 has pared its gain to 5 points, or 0.15% after rising by more than 1% earlier. It's a disappointing turn that was foreshadowed by weakness in regional banks.</p><p>The market has been been able to get a footing or […]
- Gold nears $2000 once again. What's next
<p>Gold prices briefly traded above $2000 on Monday but quickly turned around and closed below the key level before falling back to $1935.</p><p>However the continued turmoil in banks and the belief that the Federal Reserve will have to […]