Today's News Update - 11th March 2024 Asia Asia-Pacific markets declined on Monday following a pause in Wall Street's rally, with Nvidia experiencing its worst session since late May. China recorded its first month of inflation in four months, with the consumer price index climbing 0.7% year on year in February, beating expectations. Japan's Nikkei 225 plunged 2.07%, likely slipping below the 39,000 mark for the first time since Feb. 21. South Korea's Kospi slipped 1.39%, while Australia's S&P/ASX 200 retreated from its all-time high, down 1.19%. Hong Kong's Hang Seng index futures pointed to a slightly stronger open. US U.S. stock futures edged lower Sunday night following the Dow Jones Industrial Average's worst week since October. Investors are also anticipating upcoming inflation data. Dow futures dipped 21 points, or 0.05%, while S&P 500 futures and Nasdaq 100 futures declined 0.17% and 0.38%, respectively. Wall Street experienced a losing week, with the Dow sliding 0.93%, the S&P 500 down 0.26%, and the Nasdaq Composite dropping 1.17%. Investors took profits in some high-valuation stocks amid concerns of a potential pullback after this year's rally. Commodity Crude oil futures experienced a weekly decline due to sluggish demand from China and a perceived oversupply, with the West Texas Intermediate for April settling at $78.01, down 1.17%, and Brent for May settling at $82.08, down 1.06% on Friday. Both U.S. crude and the global benchmark lost 2.45% and 1.76%, respectively, for the week. Gold prices reached another record high on Friday, propelled by an increase in the U.S. unemployment rate, fueling expectations of potential interest rate cuts by the U.S. Federal Reserve. Spot gold rose 0.5% to $2,170.55 per ounce, and U.S. gold futures settled 0.9% higher at $2,185.50, marking the largest weekly percentage increase since mid-October. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex