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Welcome to the Trading Day blog for Friday, March 4. ASX futures point to a weak start for the local amrket, after a mixed session on Wall Street, as crude oil slipped from the highest level since 2008.ASX SPI 200 futures are trading 0.5 per cent lower to 7093 as of 5.46am AEDT.

US stock futures began to decline as oil prices continued to rise, as investors assessed Russia’s invasion of Ukraine and the impact of a spike in commodity prices on inflation and the Federal Reserve’s monetary policy. The S&P 500 futures fell 0.1 percent on Thursday. On Wednesday, the broad market index climbed. On Thursday, futures […] The post Ukraine Crisis Shakes Stock Futures, Oil Hits $115 appeared first on Revyuh .

Equity markets are sliding into negative territory in Europe, despite a rally in US indices yesterday, as risk markets remain under threat.

Powell says it is too soon to conclude how Russia’s invasion of Ukraine will affect the US economy

Stock futures were little changed, suggesting Wall Street indexes will hold on to gains that came after Fed Chairman Jerome Powell eased concerns about the likely path of interest rates.

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. Today we look at market developments in Asia following a relief rally on Wall Street overnight. Notably, oil prices have continued flying in Asia and much of the podcast ponders the fallout from spiralling commodity prices, […]

Japan''s Nikkei share average ended higher on Thursday, tracking an overnight Wall Steet rally after U.S. Federal Reserve Chair Jerome Powell signalled a less aggressive pace of interest rate hikes than investors had feared.

Short Term Elliott Wave View in SPX suggests the decline from January 4, 2022 high is unfolding as a double three Elliott Wave structure. Down from January 4 high, wave w ended at 4222.62 and rally in wave x ended at 4595.31. Index has extended lower and broken below wave w at 4222.62 confirming wave […] The post Elliott Wave View: S&P 500 (SPX) Rally Expected To Fail appeared first on Action Forex .

The Fed Chair told the House Financial Services Committee overnight he is on board with a 25 bps hike in two weeks. Wednesday US cash market close: The Dow Jones Industrial rose 596.4 points (1.79%) to close at 33,891.35 The S&P 500 index rose 80.28 points (2.51%) to close at 34,058.75 The Nasdaq 100 index […] The post Powell on Board with a March Hike, AUD/JPY Taps YTD High appeared first on Action Forex .

Tokyo stocks rose Thursday morning, tracking overnight gains on Wall Street, after U.S. Federal Reserve Chairman Jerome Powell said he is inclined to propose a more modest interest rate hike this month than some investors had expected. The 225-issue Nikkei Stock Average rose 215.18 points, or 0.82 percent, from Wednesday to 26,608.21. The broader Topix index of all First Section issues on the T…

10 things you need to know: Indian shares are likely to start on a positive note on Thursday, amid a mixed set of global cues. While the Fed Chairman Jerome Powell''s comments on milder interest rates is encouraging, the ongoing war between Russia and Ukraine will weigh on the overall sentiments. The Singapore Exchange-traded Nifty50 futures rose 0.2 percent to 16,652 as of 7:39 am on Thursday, indicating a positive start for Dalal Street. Here are the top 10 cues to know before the opening bell today:

Citi Stopped Out Of Oil Short At Double Digit Loss As TD Sees Oil Spiking To $145 While Wall Street was getting increasingly bulled up on oil prices, one bank was turning ever more bearish, and exactly one month ago when Brent traded at $82, Citigroup''s commodity head told Bloomberg he was advising clients to go short December Brent futures , predicting U.S. production would be "on the low side" at the end of the year while saying he doesn''t expect an LNG crunch in Europe if Russia invades Ukraine. Boy was he wrong… but at least the pain didn''t last long and earlier today Citi announced that it was closing its oil short at a substantial, 11.5% loss: We hit the $92/bbl stop loss on our short December 2022 (COZ2) ICE Brent futures trade established on Feb 3 for a loss of 11.5%. While our market outlook remains out-of-consensus and we continue to project significant downside for crude oil prices in a 6-9m context, the timing of this was negatively impacted from the escalating Russia/Ukraine conflict, widening supply risk premiums, and upward price momentum for the crude oil futures strip.

Asian shares were trying to rally on Thursday after reassuring comments from the Federal Reserve helped Wall Street bounce, even as the war in Ukraine sent oil and commodity prices spiralling ever higher in a grim omen for global inflation.

Coal, oil and mining shares continued to soar on the ASX, with sentiment helped by relief on Wall Street over details of an expected rate hike.74 per cent at noon on Thursday and investors pushed up prices of commodity companies due to fears Russia will struggle to supply goods while under severe economic sanctions.

KUALA LUMPUR, March 3 — Bursa Malaysia opened higher in line with the sharp rebound on Wall Street overnight, on the back of the United States Federal Reserve’s move to support smaller rate hikes going forward, as well as…