Market Turmoil Follows Fed Statements and India's Rate Announcement

Thursday, 4 April 2024, 21:49
The S&P 500 turned red after Neel Kashkari's comments while President Joe Biden's stance on Israel further added to uncertainties. Friday's economic calendar holds significant events like Philippines and Thailand inflation data, Australia trade numbers, Japanese consumer spending, and the Reserve Bank of India's policy decision.
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Market Turmoil Follows Fed Statements and India's Rate Announcement

Market Turmoil

The S&P 500 had been well in the green for most of Thursday but ended up clocking its biggest loss in nearly two months after Minneapolis Fed president Neel Kashkari's remarks.


Global Concerns

  • President Joe Biden on Thursday threatened to change Washington's policy towards Israel if it fails to protect aid workers and civilians in Gaza.

Friday's regional economic calendar highlights include inflation data from the Philippines and Thailand, Australian trade figures, Japanese household consumption, and the upcoming Reserve Bank of India's policy meeting.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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