Read this before you start trading today!

  • US indices slumped yesterday and finished lower for a third day in a row. S&P 500 declined 1.34%, Dow Jones dropped 1.11% and Nasdaq slumped 2.11%. Russell 2000 declined 2.76%

  • Stocks in Asia are also trading lower. Nikkei declines 0.3%, S&P/ASX 200 drops 0.7% and Kospi moves 0.4% lower. On the other hand, indices from China trade higher

  • DAX futures point to a lower opening of the European session

  • Moods on the global stock markets deteriorated after Powell continued to ignore rising yields and inflation expectations during speech yesterday

  • OPEC+ agreed to keep production unchanged in April with Russia and Kazakhstan being allowed to boost output slightly

  • According to Hong Kong Economic TImes, China set 2021 growth target above 6% and CPI target at around 3%

  • Bank of Japan Governor Kuroda said that higher bond yields will reduce impact of monetary easing

  • According to Bloomberg, US and UK are readying another round of sanctions against Russia for use of chemical weapons

  • Bitcoin trades slightly below $47,000

  • Oil moves higher. Precious metals trade mixed – platinum and silver decline while gold and palladium gain

  • CAD and USD are the best performing major currencies while NZD and JPY lag the most