Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Metals are sliding lower again today, after yesterday’s sell-off, as global growth concern sparked after dismal Chinese numbers,
- Chinese trade balance in February was just $4.12 billion, as exports slumped 20.7 percent from a year ago. It is the worst number in a year. More importantly, the data comes after European Central Bank reduced its 2019 growth forecast from 1.9 percent to just 1.1 percent at its yesterday’s meeting, and just days after Chinese government reduced the lower target for 2019 growth to just 6 percent, according to forecasts made during the 2019 National People’s Congress.
Metals are on the slid this week amid economic growth concern,
- Except for Aluminum, all base metals are in red today, with Nickel being the worst performer.
- However, precious metals are higher on risk aversion bids.
|
Aluminum |
1,864.75 |
0.16% |
|
Copper |
2.898 |
-0.43% |
|
Copper |
6,403.75 |
-0.50% |
|
Gold |
1,294.05 |
0.62% |
|
Lead |
2,099.50 |
-0.19% |
|
Nickel |
13,087.50 |
-1.00% |
|
Palladium |
1,477.50 |
-0.33% |
|
Platinum |
818 |
0.11% |
|
Silver |
15.117 |
0.51% |
|
Tin |
21,437.50 |
-0.13% |
|
Zinc |
2,720.75 |
-0.55% |
The selloff is likely to extend further after trading opens in COMEX.
