A Serene End to March Markets with Mike Dolan
Investors Content with First Quarter Gains
As March comes to a quiet finish, investors are holding onto their impressive stock gains from the first quarter. The dollar remains subdued overseas, interest rates are stable, and volatility is low as many countries head into the Easter break.
Market Highlights of Monday
Boeing saw a positive shift after a management shake-up announcement, while AI leaders like Nvidia and Micron Technology experienced gains. However, reports of China phasing out U.S. microprocessors affected Intel and AMD stocks.
Market Insights and Trends
A two-year Treasury auction kept bond yields in check, with Federal Reserve officials sharing varying views on the policy outlook. New U.S. single-family home sales dipped in February, attributed to rising mortgage rates amidst a shortage of existing houses.
Market Expectations and Bitcoin Surge
With stock markets closed for Good Friday, attention turns to a March consumer confidence report. Bitcoin surged above $70,000, with Grayscale Trust recording significant outflows last week.
Global Market Updates
China stocks rebounded, the dollar retreated, and Japanese and European markets remained flat. In politics, a trial date was set for Donald Trump’s hush-money case, potentially impacting his political future.
General News and Upcoming Events
In a shocking incident, Baltimore’s Francis Scott Key Bridge collapsed, leading to a search for survivors. Key diary items for U.S. markets include consumer confidence, durable goods orders, and corporate earnings reports.
Stay tuned for updates on ECB speeches, U.S. Treasury notes, and French President Macron’s visit to Brazil.
(Article by a Human Writer)
