SVET Reports
Monday's Markets Update (March 24, 2025)
On Monday, equities continued to rally on technicals, aided by unconfirmed rumors of easing tariff policies. The National Activity Index rose due to improved production, while manufacturing PMI declined after a tariff-driven boost, accompanied by a sharp increase in input costs, with growth registered in services.
World's Markets:
EU stocks are flat as European PMI increased marginally, with manufacturing growth recording the strongest expansion in three years. French PMI rose slightly but remained in the contraction zone for both the manufacturing and services sectors, with payrolls falling and a pessimistic business outlook. Meanwhile, German PMI showed better performance, indicating the strongest growth in the private sector for the fifth month, boosted by incoming new work in manufacturing, while services stalled. Employment fell while inflation eased.
The Brazilian market is experiencing a slight decline as investors remain cautious ahead of the tariffs triggering on April 2nd.
Indian stocks reached a one-month high, continuing their March rally in response to China's improved economic outlook and growing manufacturing.
Chinese equities rose following Premier Li Qiang's call for greater market openness at the China Development Forum, where Apple CEO Tim Cook was present.
Commodities and Currencies:
The dollar reached a three-week high due to perceived alleviation of tariffs.
Crypto:
BTC, ETH, and SOL are in the green, continuing to closely follow stock markets.
The State Of Markets: Mixed, with American equities continuing to rally on technicals, Asian stocks rising on an improved Chinese outlook, while EU markets are stalled due to weak fundamentals.