🇺🇸 U.S. STOCK FUTURES DIP TO START THE WEEK AS INVESTORS BRACE FOR CPI INFLATION, FED MINUTES
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🇨🇳 China leads the world for Industrial Robot deployments with 5x more robots installed each year than second placed Japan.
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📊 Key Events This Week:
1. March CPI Inflation data - Wednesday
2. Fed Meeting Minutes - Wednesday
3. March PPI Inflation data - Thursday
4. Initial Jobless Claims data - Thursday
5. MI Consumer Sentiment data - Friday
6. Total of 8 Fed speaker events this week
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BREAKING 🚨: Chinese Car Market
🇨🇳 Car prices in China are falling at the fastest speed since data began being recorded in 2002
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🚨 APPLE INVESTING PRO 'FAIR VALUE' PRICE IS $156.15, IMPLYING -7.9% DOWNSIDE
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🛢 BRENT CRUDE OIL ENDS THE WEEK ABOVE $90 PER BARREL FOR THE FIRST TIME SINCE OCTOBER AMID IRAN-ISRAEL TENSIONS
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📊 World Indices :
SPX - 5,204.34 (1.11%)
🚀 Cryptocurrencies :
Bitcoin USD - 67,709.86 (0.22%)
Ethereum USD - 3,319.04 (1.06%)
🌟 Commodities :
Crude - 86.73 (0.16%)
Gold - 2,349.10 (1.76%)
Silver - 27.60 (1.3%)
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📊 World Indices :
SPX - 5,238.53 (-0.06%)
🚀 Cryptocurrencies :
Bitcoin USD - 63,039.68 (-5.51%)
Ethereum USD - 3,343.63 (-5.03%)
🌟 Commodities :
Silver - 25.085 (0.31%)
Gold - 2,180.40 (-0.2%)
Crude - 81.13 (0.07%)
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🇪🇬 Egypt Raises Fuel Prices After Currency Depreciation.
The government of Egypt increased fuel prices to tackle inflation, with diesel rising from 8.25 to 10 pounds per liter and 95 octane gasoline from 12.5 to 13.5 pounds per liter.
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JUST IN: 🇨🇳 China's yuan has fallen to its weakest level in last 14 years.
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🇬🇧 Bank of England keeps interest rates unchanged despite previously saying UK Inflation was “pretty much guaranteed” to fall rapidly this year
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📊 World Indices :
SPX - 5,254.03 (0.56%)
🚀 Cryptocurrencies :
Bitcoin USD - 66,715.36 (5.0%)
Ethereum USD - 3,520.71 (5.3%)
🌟 Commodities :
Silver - 25.315 (0.84%)
Crude - 80.99 (-0.34%)
Gold - 2,198.20 (1.72%)
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📁 SUMMARY OF FED DECISION (3/20/24):
1. Fed leaves rates unchanged for 5th straight meeting
2. Fed continues to expect 3 interest rate cuts in 2024
3. Core PCE inflation forecast for 2024 raised to 2.6%
4. Fed says inflation "has eased but remains elevated"
5. Fed does not expect rate cuts until "greater confidence" inflation is moving to 2%
6. Fed now only sees 2 rate cuts in 2025, fewer cuts in 2026
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⚠️3 THINGS TO WATCH THIS WEEK ON WALL ST.:
1. US CPI INFLATION
2. FED MINUTES
3. BIG BANK EARNINGS $JPM $WFC $C
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📊 World Indices :
SPX - 5,204.34 (1.11%)
🚀 Cryptocurrencies :
Bitcoin USD - 69,391.44 (2.53%)
Ethereum USD - 3,410.21 (2.72%)
🌟 Commodities :
Crude - 86.73 (0.16%)
Gold - 2,349.10 (1.76%)
Silver - 27.60 (1.3%)
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🚨 Tech lay-offs around the world in 2024 as of April 3. (Layoffs fyi)
USA 🇺🇸 - 40,989
Germany 🇩🇪 - 8,640
India 🇮🇳 - 2,555
UK 🇬🇧 - 2,070
Israel 🇮🇱 - 1,470
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🇺🇸🇺🇸 WALL ST. WEEKLY PERFORMANCE:
DOW ENDS DOWN -2.3%
S&P 500 ENDS DOWN -1%
NASDAQ ENDS DOWN -0.8%
RUSSELL 2000 ENDS DOWN -3.1%
VIX ENDS UP +23.2%
BITCOIN ENDS DOWN -2.3%
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🇺🇸 US households now own 39% of the $78 trillion equity market, up from roughly 30% in 2010.
30 years ago, this share was about 50% and it is now at its highest since the 2000 Dot-com bubble.
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⚡️Breaking: Zimbabwe 🇿🇼 is replacing its battered dollar with a new currency backed by a basket that includes foreign currencies, gold and other precious metals.
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🚨🚨🚨Researchers Find Vulnerability in #Apple's M-series Chips Which Exposes Crypto Keys. 🔐
A group of researchers discovered a security vulnerability in Apple's M-series chips that can potentially allow attackers to steal crypto secret keys from Mac and iPad devices.
The issue affects Apple M1, M2, and M3 chips during cryptographic functions.
@News_Crypto | link
📈 Nvidia $NVDA will hit a minimum $10 Trillion Market Cap by 2030 says Beth Kindig, lead tech analyst at the I/O Fund
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JUST IN: 🇯🇵 Japan's core inflation accelerates to 2.8%, the first increase in 4 months. Japan's core inflation has now been above the Bank of Japan's 2% target for 23 consecutive months.
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BREAKING: 🚨 DOJ sues Apple over iPhone monopoly in landmark antitrust case
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💫 BREAKING: Elon Musk is once again the richest man in the US, overtaking Jeff Bezos. 🇺🇸
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🇺🇸 Fed Chair Powell says the Federal Reserve is not working on a CBDC, and has no plans to propose one.
"It's wrong to say we're working on a CBDC."
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📊 Is Today Resignation Day?
🇻🇳 President of Vietnam resigned
🇮🇪Prime Minister of Ireland Resigned
🇮🇱 Israel's Army Chief of Staff announced his resignation
🇰🇷South Korean Official for the President resigned
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