U.S. Equity Markets rose yesterday after CPI showed inflation eased in February as prices rose 6.0% from a year earlier – increasing the likelihood that the Federal Reserve could end rate hikes soon, while the NFIB Small Business Index showed marginal improvement in February. It remained below the long-term average for the 14th straight month as business owners continued to experience hiring difficulties. Florida Governor and potential 2024 U.S. presidential candidate Ron DeSantis said that further funding and support for Ukraine is not in the nation’s vital interests. This is a sign that a DeSantis administration would possibly cut government spending abroad. The NASDAQ 100 led Tuesday’s gains closing higher by 2.32%. Within the S&P 500 Index, all 11 sectors finished higher. European Markets closed higher. U.K. Unemployment for January remained stable at 3.7%, but wages continued to fall when taking inflation into account. This could mean further policy action from the Bank of England. ECB policymaker Yannis Stournaras said that he does not see any impact from the collapse of Silicon Valley Bank on Euro-Zone banks. This could potentially signal that the central bank’s monetary policy plan remains unchanged following turmoil in the U.S. banking sector. In his budget plan, Britain’s Finance Minister Jeremy Hunt is set to approve an almost $5 billion expansion to free childcare for one- and two-year-olds in England on Wednesday according to the Guardian newspaper. In Asia, Australian Business Confidence for February retreated. It fell month over month as interest rate worries increase. However, overall activity remained strong from healthy sales and employment figures. Minutes from the Bank of Korea’s latest policy meeting showed that a majority of board members voted to hold interest rates steady, but that it was premature to officially end its current tightening policy. Elsewhere, Oil fell 4.34% while Gold closed 0.44% lower.
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For anyone following my Platinum Service it made 622 points yesterday and is now ahead by 3066 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