TODAY : Tuesday, 20 May 2025
Date : 17 Mar 2025

Daily Review 17 Mar 2024

The Dow Jones Industrial Average surged over 650 points in a relief rally on Friday, though the week concluded with its most substantial decline since 2023. European stocks closed higher, with Germany's DAX surging, driven by reports of lawmakers agreeing to increased government spending Oil prices concluded the week with minimal change, as investors weighed the uncertain prospects of a ceasefire in Ukraine. Gold prices soared past $3,000 for the first time, as investors flocked to the precious metal amidst escalating concerns over the impact of potential tariffs. The dollar traded variably, softening versus the euro while strengthening against the franc and yen. This movement stemmed from receding US shutdown fears and rising inflation expectations, reinforcing the Federal Reserve's projected rate-cut patience. Chinese equities surged to a three-month apex, spearheading regional gains across Asian markets. Meanwhile, the Jakarta Composite Index experienced a significant retraction, shedding 131.79 points (-1.98%) to close at 6,515.63. Market participants await forthcoming releases on key economic indicators, including trade figures, banking sector loan growth, interest rate decision, and money supply data.
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