From Nasdaq:

Nasdaq’s IR team reports on a daily market roundup with economic indicators and pivotal decisions by financial markets. Despite higher equities, oil, gold, and a stronger dollar, the European Central Bank is holding a high record key rate.  Major events such as the US GDP growth in Q4 2023 is at 3.3%, much better than anticipated, and more will be revealed from the preliminary Q4 GDP reading in the US as well as global flash PMIs.

The European Union is experiencing a 60-year low in fossil fuel CO2 emissions due to the decreased use of carbon-emitting electricity sources. China is addressing slowing growth and a weak stock market with an easy money strategy. Liquidity and credit markets are showing improvements, solid corporate fundamentals, and a predicted recovery in M&A and capital market activity.

Upcoming events include key data releases, central bank decisions, and New Hampshire’s primary election. The US is also intensifying environmental scrutiny of natural gas exports, potential stalling in huge projects. In corporate news, David Ellison’s Skydance Media is exploring acquiring all of Paramount Global, and StarCharge is considering a $500 million Hong Kong IPO due to the electric vehicle boom.

In the oil/energy sector, a Russian Black Sea oil refinery fire has been extinguished, the Trans Mountain pipeline expansion is set to start in April, and Baker Hughes expects North America oilfield spend to decline in 2024.



Read more: The Hot and Cold Economy