US markets prepare for rate hike this week
As Trump’s steel and aluminium tariff plan weighed on markets last week, Wall Street now looks forward to Wednesday, when the Fed will be announcing its rate decision. New Fed Chair Jerome Powell is expected to raise rates and outline some of his monetary strategy. Markets showed slight gains on Friday, as the S&P 500 and Dow Jones finished higher, while he Nasdaq finished flat.
Today’s highlights: Crypto markets recover from weekend losses
- Cryptocurrencies recover: After continuing to tumble over the weekend, crypto markets showed signs of recovery over the past 24 hours, as 98 of the top 100 cryptos (by market cap) registered gains. Bitcoin rose around 8%, climbing back above the $8,000 mark, while Stellar showed the most gains of the top 10 cryptos, rising more than 17%.
- G20 summit begins today: Members from the top 20 industrialized countries are meeting in Buenos Aires today and tomorrow, discussing many global economy issues, including cryptocurrency regulations. The decisions and announcements coming out of the summit could generate volatility for various markets around the world.
- Adobe continues to climb: The software giant continued to show gains last week, climbing more than 3% on Friday, to reach a new all-time high.
- Putin triumphs in Russia: Russian President Vladimir Putin received an overwhelming 76% of the votes in the presidential election, securing his seat for 6 more years. Putin has been in power since 1999, serving both as Prime Minister and President.
Stocks earnings releases on 19/03/2018
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