Fin Watch
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Daily Fresh Financial News.
Global Market Updates.

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📊 Gold has quickly become an investor favorite:

- World central banks have increased their gold holdings for 9 straight months.

- China's central bank has increase their gold holdings for 17 straight months.

- The most recent data shows that in February alone central banks bought 19 tons of gold.

- Year to date, their net gold purchases have reached 64.5 tons.

- Gold is up more than $350 in just six weeks, and is up nearly 15% already in 2024.

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🚨🚨 Elon just predicted that AI may be smarter than any human by end of next year

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🚨🚨 Interest Rates could soar to 8% warns JP Morgan CEO Jamie Dimon

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📊 World Indices :

SPX - 5,206.50 (0.08%)

🚀 Cryptocurrencies :

Bitcoin USD - 70,142.00 (-2.49%)
Ethereum USD - 3,593.85 (-0.83%)

🌟 Commodities :

Gold - 2,376.00 (1.06%)
Crude - 86.32 (-0.13%)
Silver - 28.30 (1.77%)

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📊 March CPI Inflation Expectations:

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🇮🇳 INDIA: Bloomberg reports that If India hits 'all the right economic notes' it could overtake China 🇨🇳 in its contribution to global economic growth by 2028.

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📣 Nvidia $NVDA and Google Cloud $GOOGL have announced a new collaboration to help startups around the world "accelerate the creation of generative AI applications and services"

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📊 Intel $INTC just unveiled its new AI accelerator processor called Gaudi 3

Intel says the accelerator delivers "50% on average better inference and 40% on average better power efficiency than Nvidia H100 – at a fraction of the cost".

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📊 Growth of $100 by Asset Class Over 5 Decades

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🇨🇳 Chinese Cement Maker Stock plunges 99% within minutes, wiping out almost $1.8 billion in market capitalization.

The stock was 70% owned by a single controlling shareholder and their spouse!

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📊 World Indices :

SPX - 5,156.43 (-1.03%)

🚀 Cryptocurrencies :

Bitcoin USD - 68,169.48 (-2.77%)
Ethereum USD - 3,457.51 (-3.79%)

🌟 Commodities :

Gold - 2,345.20 (-0.73%)
Silver - 27.855 (-0.46%)
Crude - 85.36 (0.15%)

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⚡️ NEW: 🇨🇳 China has been buying more gold than any other nation since 2020, with India 🇮🇳 in second place.

Both nations are part of the BRICS coalition looking to ditch the dollar for international trade.

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🇺🇸 PRESIDENT BIDEN: INFLATION NEWS MAY DELAY RATE CUT, BUT I DON'T KNOW WHAT FED WILL DO

BUT THERE WILL BE RATE CUT BEFORE THE END OF THE YEAR

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🇹🇷 Turkey bans exports to Israel including jet fuel, engine oil, and building materials.

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🇦🇫 The Taliban government announced plans to ban Facebook in Afghanistan.

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🇧🇷 Brazilian Government Committee Officially praises Elon Musk for “EXPOSING CENSORSHIP”

A motion of applause and praise for Elon Musk was approved for Musk's exposing "censorship imposed by a Brazilian justice" against the users of X/Twitter

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🚀 Elon Musk will visit India 🇮🇳 this month to meet PM Modi and is expected to make an announcement on plans to invest and open a new tesla factory in the country.

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🇷🇺 Russian Central Bank Chief: Mass Adoption of Digital #Ruble Expected in 5 to 7 Years.

Elvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial Market that the launch will begin next year.

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📉 Falling Inflation Could Lead to Fed Rate Cut, Boost Stock Market – Tom Lee.

Tom Lee, founder and head of research at #Fundstrat Global Advisors, suggests that declining inflation may prompt the U.S. 🇺🇸Federal Reserve to cut rates this year, potentially bolstering the stock market.

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🇰🇷 South Korea's Prime Minister offers resignation after his party was defeated in elections

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📊 World Indices :

SPX - 5,164.29 (0.07%)

🚀 Cryptocurrencies :

Bitcoin USD - 70,409.12 (3.29%)
Ethereum USD - 3,532.53 (2.17%)

🌟 Commodities :

Silver - 28.26 (0.74%)
Crude - 85.53 (-0.79%)
Gold - 2,363.50 (0.64%)

@Fin_Watch