Abstract: The US dollar stopped falling and rebounded on Tuesday, and the US market hit a high of 89.64 in intraday trading, still running below the 89 integer mark. As the trade tensions eased, the dollar also found support from the flow of funds at the end of the month. After the US stock market index rose more than 200 points, it was affected by the decline of technology stocks and closed down about 350 points. The Nasdaq fell more than 3.5% in intraday trading. Standard & Poor's fell about 1.7%. US bond yields fell by about 6 basis points. The dollar rose and the digital currency fell.
[panel review]
The US dollar stopped falling and rebounded on Tuesday, and the US market hit a high of 89.64, still running below the 89-point mark. As the trade tensions eased, the dollar also found support from the flow of funds at the end of the month. After the US stock market index rose more than 200 points, it was affected by the decline of technology stocks and closed down about 350 points. The Nasdaq fell more than 3.5% in intraday trading. Standard & Poor's fell about 1.7%. US bond yields fell by about 6 basis points. The dollar rose and the digital currency fell.
[Market Receipt]
US stocks: The S&P 500 closed down 45.93 points, or 1.73%, to 2612.62 points. The Dow Jones Industrial Average closed down 344.89 points, or 1.43%, to 23,857.71 points. The Nasdaq Composite Index closed down 211.74 points, or 2.93%, to 7008.81 points.
European stocks: Europe's STOXX 600 index closed up 1.21%, and ended four consecutive trading days before the end, reported 367.57 points. The German DAX 30 index closed up 1.56% to 11970.83 points, after falling for four days. The French CAC 40 index closed up 0.8% at 5115.74 points. The UK's FTSE 100 index closed up 1.61% to 6,999.88 points, after falling for four days.
A-shares: Shanghai Composite Index closed down 19.04 points, down 0.60%, to 3133.72 points; Shenzhen Component Index closed up 124.39 points, up 1.19%, to 10564.38 points; GEM index closed up 54.59 points, up 3.16%, to 1780.61 point.
Gold: Affected by the rebound of the US dollar, gold fell after hitting a six-week high. COMEX April gold futures closed down 13.00 US dollars, down 1.0%, to 1342 US dollars / ounce, and rose for four trading days before the end.
Crude oil: WTI May crude oil futures closed down 0.33 US dollars, down 0.50%, to 65.88 US dollars / barrel. Brent May crude oil futures closed down 0.01 US dollars, down 0.01%, to 70.11 US dollars / barrel, for three consecutive trading days to close above the psychological level of 70 US dollars. After the market, the US API crude oil inventories unexpectedly increased by 5.311 million barrels, and the decline in crude oil expanded.
Bitcoin: BTC Bitcoin reported 7891.9201 US dollars, a drop of 0.85% in 24 hours. ETH Ethereum reported $456.8011, a 4.34% drop in 24 hours. XRP Rebo is reported at $0.5767, a 24-hour increase of 0.75%.
[Market News]
General Electric's share price hit a two-year biggest intraday gains rumor that Buffett wants to buy
US time 27 Japan on Tuesday, General Electric went against the market higher, the intraday rose 5.7%, sweeping this Monday's stock price hit a new low of more than eight and a half years. Market rumors that Buffett will buy shares in General Electric. The commentary said that the news may make sense. Buffett recently said that if the price is appropriate, he would consider buying GE. Due to the drag of technology stocks, the three major US stock indexes fell, the Dow fell more than 340 points, the Nasdaq fell more than 200 points, and the S&P closed down 1.73%.
US API crude oil inventories unexpectedly increased by 5.32 million oil prices last week to expand the decline
In the early morning of March 28th, Beijing time, the data released by the American Petroleum Institute (API) showed that the US crude oil inventories increased by 5.321 million barrels in the week ending March 23, and is expected to increase by 420,000 barrels. Gasoline inventories fell by 5.799 million barrels, with an expected reduction of 1.987 million barrels. Refined oil inventories decreased by 2.238 million barrels and are expected to decrease by 1.53 million barrels. After the data was released, oil prices fell. At present, the US oil reported 64.69 US dollars / barrel, down 1.33%. Cloth oil reported 69.57 US dollars / barrel, down 0.79%.
Saudi Russia considers long-term cut-off agreement or paves the way for Ami IPO
On Tuesday, according to foreign media reports, Saudi Arabia and Russia are working hard to reach a historic long-term agreement that may expand the control of global crude oil supplies by major oil exporters for many years to come. In the past period of excess oil, Russia has cooperated with OPEC many times, but the 10-20 year agreement between the two will be unprecedented.
Senior Wall Street Prophet: No one will prepare for this in the event of a gold outbreak
On Tuesday (March 27), Wall Street senior prophet and CEO of Euro Pacific Capital Seeking Alpha wrote that the Dow Jones index fell 724 points last Thursday. Subsequently, the index fell another 424 points on Friday. At the same time, the Nasdaq index fell 2.43% on Friday. Most analysts attribute this slump to concerns about a full-scale trade war between the United States and China. But the Fed’s interest rate hike on Wednesday may also have played a role in the stock market decline. The market does not like the prospect of taking their money cans away. So, as the stock market collapses, will we be on the verge of a gold breakthrough?
[Market Review]
In terms of the US dollar , the US dollar rebounded on Tuesday, and the US market hit a high of 89.64, still running below the 89-point mark. As the trade tensions eased, the dollar also found support from the flow of funds at the end of the month.
On the daily chart, the US dollar index has rebounded continuously from the recent lows, especially now showing signs of returning above 89.40, which may reverse the bearish outlook formed after Monday's break below that level. Therefore, once the daily chart closes above 89.40, it means that it will return to the inside of the range and further rebound to 89.60 and 90. Conversely, if the index fails to stabilize at 89.40, the bearish position will remain valid and the index may return to the level of 89.00 and 88.50.
Euro, the euro / dollar fell sharply after a record March 25 Nissin high. However, the intraday decline of the pair was much higher than Monday's low, and the exchange rate regained 1.24 before the US stock market closed, although the macroeconomic calendar continued to provide secondary data and did not have the opportunity to cover up market sentiment fluctuations, but the euro's The general decline was driven by weaker-than-expected data. According to the latest economic confidence index, EU corporate confidence is lower than market expectations, but still maintained at the level of February, and the consumer confidence index stabilized at 0.1.
Pounds sterling / dollar fell sharply in London trading session, resulting in the exchange rate fell to a low 1.4065 day, but it recovered ground lost about 100 points before the close. Sterling was affected by the release of the Bank of England's Financial Policy Committee report last week, which showed that policymakers could consider the current 1% of the bank's capital buffer in June, based on the evolution of domestic risk appetite and the re-ignition of the FTSE100. Subsequent rebounds are the result of a slowdown in US demand, as there is no real reason for this strength of the dollar, and selling at a higher level seems to be still profitable. The UK will announce the March trade union trade survey, which is expected to rise to 15% from the previous 8%, which may cause the pound to rebound again.
[Data Preview]
There is more data on Wednesday, but most of the data to be released is a correction, unless the data is very different from previous estimates, the market will see a limited response. The US will release fourth-quarter GDP data, which is expected to rise to 2.7% from the previous 2.5%, and will also publish quarterly PCE data. The United States will also announce the completion of pending home sales data for February, which is expected to fall by 0.2% after a 4.7% decline. Others include US API and EIA crude oil inventory reports.
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