From NASDAQ MarketSite:

Asia-Pacific equity markets saw gains across the board, except for Taiwan and Australia. European markets were mixed, while U.S. equity futures were also mixed ahead of the Fed meeting. German producer prices fell 4.1% YoY in February, while the UK’s inflation rate dropped to 3.4% YoY. The Biden administration is softening fuel economy standards, slowing the transition to electric vehicles. In the markets, energy sectors led yesterday, with Nasdaq Composite showing relative weakness. General Mills, Kingsoft Cloud, Ollie’s Bargain Outlet, and Signet Jewelers are expected to release quarterly earnings. Intel is set to receive $20 billion in grants and loans to boost semiconductor manufacturing. Chipotle announced a 50-for-one stock split. ConocoPhillips expects U.S. crude oil production to surpass 14 million barrels per day. Gildan Activewear confirmed receiving interest for a potential transaction. Saudi Arabia is reportedly creating a $40 billion fund for AI investments. Blackberry, Chewy, Five Below, and KB Home will report quarterly results after the market close. Eurozone and UK PMI data, Bank of England interest rate decision, US jobless claims, existing home sales, and leading indicators are on the horizon. A quote to remember: “We are all broken, that’s how the light gets in.” – Ernest Hemingway.



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