Thursday's markets Update (March 20, 2025)

21 Mar 2025 by rate3

On Thursday, market indexes corrected after yesterday's spark, while jobless claims rose alongside existing home sales; however, manufacturing activity continued to decline along with business conditions.

World's Markets:

EU markets went red as construction output decreased, with banks and defense stocks leading the decline. The ECB hinted at further easing. The Bank of England, following the Fed, kept its rate unchanged at 4.5%, with an overwhelming majority of 8-1.
Brazilian equities dropped, with Embraer falling and JBS rising on listing hopes, ending a 6-day rally amid fiscal worries and a hawkish central bank.
Indian equities rose for a fourth day, reaching over one-month highs on hopes of improved liquidity and growth.
The South African central bank chose not to lower rates, remaining at 7.5%, as it did in the previous session, citing rising service inflation despite lower fuel prices.
Crypto:

BTC, ETH, and SOL are in the red, continuing to follow stocks.
The State Of Markets: Down, markets corrected after short-lived rally.