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Market Overview

Global stocks are trading mostly down currently after Bank of Japan hiked its short-term rates to around 0% to 0.1% from -0.1% as US markets ended higher on Monday. Google’s parent Alphabet shares rose 4.44% after reports that Apple is in talks to build Google’s Gemini artificial intelligence (AI) engine into the iPhone, Tesla shares rallied 6.3% on Monday outperforming market while the electric vehicle maker said it would soon increase the price of its Model Y cars in parts of Europe.

Global equity indexes are pointing mostly up currently ahead of Fed’s two-day meeting starting tomorrow after Wall Street closed lower again on Friday. Nvidia shares slipped 0.12%, Amazon shares slumped 2.42% on Friday underperforming market while the company announced it will kick off its Big Spring Sale event on March 20 which will last through March 25.

Global equity indexes futures are pointing in different directions currently ahead of University of Michigan Consumer Sentiment report at 15:00 CET today after Wall Street retreated on Thursday following hot producer prices report. Nvidia shares lost 3.24%, Microsoft shares rose 2.44% outperforming market on Thursday as the software giant announced the launch of its latest generative artificial-intelligence assistant Security Copilot.

Global equity indexes are pointing in opposite directions currently ahead of US producer prices report at 13:30 CET today after Wall Street closed mixed on Wednesday. Tesla shares sank 4.54% underperforming the market as Wells Fargo said the EV maker is likely to see no sales growth in 2024, Nvidia shares slid 3.18% on Wednesday after the Bank of America increased the company's price target to $1,100 from the previous $925 while maintaining a "Buy" rating on the stock.

Global equity indexes are pointing in opposite directions currently after Wall Street resumed advancing again on Tuesday. Nvidia stock jumped 7.16%, Oracle shares rallied 11.8% outperforming market after the cloud computing company announced that its recent earnings beat expectations.

Global stocks are trading mostly up currently ahead of US inflation report at 13:30 CET after US markets ended mixed on Monday. Microsoft shares slumped 0.39% as the company and others remain under ongoing cyberattacks, Apple shares rose 1.18% on Monday outperforming market while Citi recently cut its price target on the stock but maintained a buy rating.

Global equity indexes are pointing mostly down currently after Wall Street closed lower on Friday. Nvidia shares slumped 5.6%, Tesla shares slid 1.85% on Friday underperforming market while bullish fund manager Gary Black confirmed that the firm he runs has significantly reduced its stake in the electric vehicle maker.

Global equity indexes futures are pointing in different directions currently ahead of US payrolls data at 14:30 CET today. Wall Street rebounded on Thursday buoyed by tech shares. Nvidia shares jumped 4.47% outperforming market, Meta shares rose 3.25% on Thursday as Facebook parent provided new details on how it will use powerful generative AI models to recommend videos across Facebook's ecosystem.

Global equity indexes are pointing mostly down currently after Wall Street closed higher on Wednesday. Amazon shares slid 0.35% underperforming the market while Deutsche Bank raised its Amazon.com Inc price target from $200 to $210 and maintained a Buy rating for the stock, Nvidia shares rose 3.18% on Wednesday.

Global equity indexes are pointing in opposite directions currently ahead of Fed chair Powell’s Congress testimony at 16:00 CET after Wall Street ended down again on Tuesday. Nvidia stock gained 0.86%, Meta shares fell 1.6% underperforming market amid reports of service outage on Facebook, Instagram and other platforms run by Meta on Super Tuesday in the US election cycle.

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