📢 Attention: Important Economical Events To Watch
🔹Fed Chair Powell Speech - Tuesday
🔹Fed Beige Book - Wednesday
🔹Initial Jobless Claims - Thursday📅
🔹Philly Fed Manufacturing Survey - Thursday
🔹Existing Home Sales - Thursday
🔹Netflix $NFLX Earnings - Thursday
🔹American Express $AXP Earnings - Friday
🔶Stock Selloff Spreads as Middle East Tension Rises
🔶European stocks tumbled, following a selloff in Asia and on Wall Street that was sparked by angst over elevated US interest rates and fueled by signs of fading momentum in China’s economy and rising tensions in the Middle East.
🔶 US equity futures edged lower after the S&P 500 fell to the lowest in more than a month as hot retail sales data spurred bets the Federal Reserve will be in no rush to ease policy.
🔶The dollar gained against all its G-10 peers as traders sought havens after top Israeli military officials reasserted that their country has no choice but to respond to Iran’s weekend drone and missile attack.
🔶Despite record performance in equity and crypto markets that may have helped to temporarily alleviate downward pressure on prices, second hand prices [for watches] continued to contract sequentially in 1Q.
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