Posted 3/25/2024, 9:59:55 AM
Markets Quiet Over Weekend, But Potential ECB Rate Cut and China Chip Moves Weigh
- Quiet weekend news, but ECB member hints at potential April rate cut. EU and US chip stocks fall on China blocking Intel/AMD chips.
- Japan currency chief comments fail to strengthen weak yen against dollar.
- Asia stocks mixed, EU indices flat to slightly lower. Gold stable, oil and crypto up modestly.
- Fed's Bostic expects just 1 rate cut in 2024, less confident on inflation.
- Senate passes $1.2T spending bill, averting partial government shutdown.