Powell to Challenge Hang Seng’s Winning Streak: Hang Seng Index, ASX 200, Nikkei 225

Welcome to Extreme Investor Network, where we bring you the latest updates on the stock market, trading, and all things Wall Street. In today’s market update, we saw the Dow closing up 0.23%, while the Nasdaq Composite Index and the S&P 500 both saw slight declines of 0.33% and 0.34% respectively.

As we look ahead to the Thursday Asian session, all eyes will be on the FOMC press conference and US equity market trends to set the tone for the day. While US corporate earnings are always important, investors will be paying close attention to any updates to Powell’s forward guidance.

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In the Asian Economic Calendar, we are keeping a close watch on economic data from Australia and Japan. Australian trade surplus numbers are expected to widen in March, potentially impacting RBA growth forecasts and interest rates. Meanwhile, in Japan, consumer confidence figures for April could signal a pickup in consumer spending and inflation, potentially leading to discussions about interest rate hikes by the Bank of Japan.

In the world of commodities, gold spot prices saw a 1.45% increase, while WTI crude oil prices slid due to market sentiment and geopolitical factors in the Middle East. Keeping an eye on these commodities can provide valuable insights into market trends and potential trading opportunities.

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Stay tuned to Extreme Investor Network for more in-depth analysis and unique insights into the stock market and trading world. Let us help you navigate the complexities of Wall Street and make informed investment decisions.

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