On Thursday, March 7, on the eve of the appearance of the European and American central banks, European stocks fell, U.S. stocks fell, most of the Chinese concept stocks **, the seven sisters "did not fluctuate much, the yen continued to **, and gold prices remained high.
Powell reiterated on Wednesday that the Fed is in no hurry to cut interest rates until it is convinced they are winning inflation. Investors' focus has shifted to the European Central Bank, which is expected to keep interest rates unchanged for the fourth consecutive time, with the timing of the first rate cut and the size of this year's rate cuts in the spotlight, as well as the release of the latest quarterly economy**. Later, Powell will testify before the Senate Banking Committee, and Biden will deliver his State of the Union address to Congress. In addition, traders will await the data on initial jobless claims in the United States for the week of March 2 to get more clues on the state of the economy.
U.S. stock indexes** were lower, and the Nasdaq 100** fell 027%, and the S&P 500** fell 017%, the Dow fell 015%。
Xpeng Motors' U.S. stocks fell nearly 4% in pre-market trading, Weilai and Li Auto fell more than 2%, JD.com fell nearly 3%, and Alibaba fell nearly 2%.
TSMC rose 1 in pre-market trading7%。The "Seven Sisters" of U.S. stocks fluctuated little, and Tesla fell more than 1%.
The Euro Stoxx 50 index fell 032%, the German DAX index fell 039%, the UK's FTSE 100 index fell 032%, France's CAC 40 index fell 028%。
"Arhat Eleven" was mixed, GSK rose nearly 2%, Novo Nordisk rose more than 4%, AstraZeneca, Louis Vuitton slightly**.
The yen extended gains to 1% against the dollar, breaking through the 148 mark, hitting a new high in nearly a month, and Japan's 2-year government bond yield climbed to its highest level since 2011.
The Nikkei 225 index slipped from a record high, extending losses in the afternoon to close down 131% at 395985 points.
Bank of Japan Governor Kazuo Ueda said that if the price target can be achieved, he will consider adjusting the easing policy, and the probability of achieving the ** target is gradually rising. Wage data also came positively, with nominal cash receipts rising 2% year-on-year in January, the fastest increase since June and up from a revised 0.0 in December8% increase, outpacing economists by 12% consensus estimate. Real salaries fell by 06%, a smaller than expected decline and the lowest decline in a year.
As of now, the spot ** is reported at 2155$59 an ounce, which once touched the $2,160 ounce mark, has risen more than $100 for seven consecutive trading days**, breaking the record set in December last year.
UBS noted in its report on Wednesday that it came as a surprise to many, both in terms of timing and magnitude, and went against the Fed's expectations of delaying interest rate cuts.
**Strong** reveals the market's bullish expectations, and some corrections may be more beneficial to the market, under positive market sentiment and limited** or continue**, while ** is expected to make up for the gains and catch up with the ** gains.
Bitcoin** is trading around $66,800.
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