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applelatest

  • Joined: December 23, 2022
  • Articles: 997

Global equity indices approach oversold territory, downtrend deepens

(Bloomberg) -- Global equity benchmarks fell steeply into oversold territory as risky assets sold off this month. Bloomberg's Top Reads Beyond the Ivies: Surprise Winners on the List of Colleges with the Highest ROI Trump Media's $5.3 Billion Sell-Off Deepens as 270% Gains Fade S&P 500 Falls Below 5,100 as Big Tech Sell-Offs Take Place: Market RoundupIran's Attack on Israel Sparks Race to Avoid All-Bean WarApple Spaghetti Facing Worst iPhone Slide Since Covid iPhone slides hardest since Covid, rivals rise on MSCI A-share index: Apple Noodle faces worst iPhone slump since Covid.

Sentiment in the morning auction market remains subdued.

UK labor and wage data will likely be the focus of market attention as traders analyze these reports to determine when the Bank of England will start its rate-cutting cycle. On the other hand, the Fed may not be in a hurry to start the easing cycle, as retail sales in March were higher than expected, the latest evidence of the vitality of the U.S. economy. Mary Daley, president of the Federal Reserve Bank of San Francisco, was the latest to say that the Fed is in no hurry to cut rates.
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