Asian Market

Key events: UK - CPI (YoY) (Mar) Eurozone - CPI (YoY) (Mar) USA - Crude Oil Inventories Tuesday saw the S&P 500 concluding on a downward trajectory, with investors grappling with erratic fluctuations, particularly after Federal Reserve Chairman Jerome Powell hinted at the necessity of sustained higher rates. This indication followed recent inflation figures that surpassed expectations.

In recent decades, China's economic ascent has been nothing short of extraordinary. What was once a struggling third-world economy has blossomed into the world's second-largest, following closely behind the United States. Simultaneously, China has secured its place as the foremost global buyer of vital commodities like crude oil and copper. These profound shifts have irrevocably positioned the Chinese economy as an indispensable focal point for traders and investors across the globe.

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Key events:         Australia – Retail Sales (MoM) (Jan)   Canada – GDP (MoM) (Dec)    Canada – CB Consumer Confidence (Feb) Monday saw some relief in the market after Friday's correction caused by the Core PCE. The reaction to the report can be called comprehensive, there was another significant revaluation of the Fed rate trajectory in all asset classes, and speculative momentum was definitely involved, which shifted the balance somewhat towards short-term oversold, which was corrected by the market.