Market Commentary: Friday 28th February

Sell-off in global equities continued, along with broad strengthening of the USD.

 

 

Sell-off in global equities continued, along with broad strengthening of the USD.


Euro Stoxx 50 is down about 1%, and a benchmark of Asian shares dropped the most in almost a month.
Gold has failed to find support and continues to sell off, currently sitting at 2,860.
Bitcoin has now dropped just below 80,000.

Along with the 25% tariffs on Canada and Mexico, China imports could face a further 10% levy.
The Bloomberg Dollar Spot Index rose 0.2%.
Euro, sterling, and yen all fell around 0.2%, respectively.

German Prelim CPI, CAD GDP, and the US Core PCE Price Index will be the main data events of the day.

 

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