Today’s Announcements & News
As investor concerns regarding the recent banking turmoil continued to show signs of easing, markets in the Asia-Pacific region are expected to rise on Tuesday.
The S&P/ASX 200 index in Australia increased by 0.54 percent, and futures for the Hang Seng index in Hong Kong are currently trading at 19,638, compared to the index’s previous close of 19,567,69.
However, the Nikkei futures contract in Chicago was at 27,430, while the Nikkei futures contract in Osaka was at 27,340, compared to the Nikkei 225’s previous close of 27,476.87. This indicates that the Nikkei 225 in Japan is headed for a decline.
South Korea’s consumer sentiment index for March will be released, and Australia’s retail sales data for February will be available.
After the S&P 500 posted its third positive session in a row and concerns about the banking sector continued to ease, overnight trading saw a slight increase in stock futures.
As the ride-hailing company’s cofounders announced that they would step down from their day-to-day roles, shares rose after hours. Due to the strong quarterly results, PVH Corp. shares rose.
Dow Jones Industrial Average futures gained 0.12%, or 38 points. In the meantime, futures on the S&P 500 and Nasdaq 100 each gained 0.11 percent.
Oil prices increased on Monday as a result of Iraq’s having to halt some of its crude exports from its semi-autonomous Kurdistan region and taking steps to avert a potential banking crisis that could have impacted oil demand.
Brent crude futures were trading at $78.12 a barrel, up $3.13, or 4.17 percent. U.S. West Texas Intermediate crude increased by $3.63 to $72.89, or 5.24 percent.
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.