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Equities under growing pressure, eye US data, amid rate cut doubt

Published 04/03/2024, 05:35 AM
Updated 02/07/2024, 09:30 AM
  • Stocks suffer as chances of a summer Fed rate cut decrease
  • Extra focus on today’s US data releases and Fed speakers
  • Euro shows resilience while gold defies gravity


Stocks suffer as the US economic outlook remains bright


, the market’s current mindset is that stocks need lower interest rates

 yields are rising and essentially increasing the borrowing costs faced by most firms.

Extra focus on today’s US data releases

Euro shows resilience

there is a sizeable risk for downside surprises in both the headline and core indicators

Gold defies gravity

It is showing unprecedented strength and manages to rally under every market scenario.

Bitcoin mimics stocks; Oil hits new 5-month high

the bitcoin halving


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