U.S. Equity Markets closed mixed after reversing earlier gains as the sell-off accelerated into the close. Although the Dow closed higher by 0.12%, the market was up nearly 1% at one stage while the small cap Russell 2000 ended Monday’s session with a loss of 1.48%. Investors look ahead to a week of significant macro news, including key employment data ahead of Federal Reserve Chairman Jerome Powell’s monetary policy testimony. U.S. Bureau of Labour Statistics will be releasing key updates on labour-market tightness: the January job openings numbers on Wednesday and the February payroll data on Friday. Within the S&P 500 Index, five of the 11 sectors finished higher. European Markets closed higher. ECB President Christine Lagarde reiterated inflation growth will likely remain high in the near term and warrant a 50-basis-point interest-rate increase in March. ECB monetary policy pioneer Otmar Issing warned of further “inflation shocks” and said the central bank must stay steadfast in its aggressive policy stance. Euro-Zone Retail Sales for January underwhelmed, with lower-than-expected growth, and signals weak consumer demand could continue in the near term, while the Sentix Investor Confidence for February fell unexpectedly, marking the first decline since October as expectations drastically declined amidst renewed recession worries. In Asia, Australia’s central bank will likely raise interest rates by 25 basis points this morning which would put the nation’s key interest rate at its highest level since May 2012. China’s Premier Li Keqiang announced a 7.2% increase to the country’s military budget, saying the country’s military should better prepare for combat readiness. The Bank of Japan is expected to leave monetary policy unchanged when it meets later this week as Governor Haruhiko Kuroda does not want to change course at his final meeting. China’s Government endorsed a 5% economic growth forecast for 2023, slightly above last year’s 3% gain – one of the worst output numbers since the 1.6% contraction in 1976. Elsewhere, Oil closed 1.15% higher while Gold closed flat.

To mark my 2725th issue of TraderNoble Daily Commentary I am offering a special 2-Year Rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day to demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 62 points yesterday and is now ahead by 1122 points for March after finishing February with a gain of 3164 points, after closing January with a gain of 4687 points, while finishing December with a gain of 2054 points. November ended with a gain of 4789 points, while finishing October with a record gain of 9619 points, making 6660 points in September, after closing August with a gain of 2228 points, having made 2660 points in July, following a gain of 3371 points in June. The Service made 3651 points in May, after making 762 points in April, following a gain of 5883 points in March. The Platinum Service made an impressive 5324 points in February, after ending January with a gain of 3878 points, more than making up for December’s 932 points loss. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification 

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