Stocks initially rose on PCE data but declined amid geopolitical tensions, layoffs, tariffs, and bearish market sentiment.
Australian inflation fell 0.2% in February 2025; yearly rate at 2.2%, below the Reserve Bank’s target range.
An explosion caused a fire at a Ufa oil refinery; Russian sources suggest ongoing drone attacks as possible cause.
The Dow rose 150 points; tariffs on Canada, Mexico loom. Inflation eases, but volatility and concerns persist.
Cable hits a ten-day low as GBP/USD drops to 1.2560, reflecting market sentiment and political uncertainty.
The Mexican Peso weakened against the US Dollar amid trade concerns, economic data, Federal Reserve policy, and oil prices.
Trump called the meeting meaningful but criticized Zelensky’s stance, emphasizing peace over leverage, impacting markets.
Austin Goolsbee warns against optimism on productivity, highlighting potential Federal Reserve challenges if expectations are unmet.
US oil rig count rises to 489; EUR/USD steady near 1.0400; Gold drops; GBP/USD holds above 1.2600.
US 10-year Treasury yields fell amid economic concerns, inverted yield curve signals recession risks, indicators evolving.
