Market update - Monday 24th March 2025
- NexxtGen Markets
- Mar 24
- 3 min read
Here's your latest update from the team at NexxtGen Markets here in the City of London!
š Global Market Overview
As of Monday, 24th March 2025, global financial markets are exhibiting a blend of optimism and caution. Investors are closely monitoring developments surrounding impending U.S. tariffs and key economic indicators set for release this week.
U.S. Stock Futures:Ā Both the S&P 500 and Nasdaq 100 futures have risen by approximately 0.7% and 0.8%, respectively, indicating a positive start to the week.Ā
European Markets:Ā European futures have edged up by 0.3%, reflecting a cautiously optimistic sentiment.Ā ā
Asian Markets:Ā The performance is mixed, with Japan's Nikkei and Hong Kong's Hang Seng showing relative stability, while Indonesia's stock market has experienced a notable decline.Ā ā
š Major Index Performances
U.S. Markets (as of Friday, 21st March 2025):
Dow Jones Industrial Average:Ā Closed with a modest gain of 0.1%, overcoming earlier losses spurred by trade policy concerns.Ā ā
S&P 500:Ā Ended flat, snapping a four-week losing streak amid tariff uncertainties.Ā ā
Nasdaq Composite:Ā Rose by 0.5%, bolstered by a rebound in technology stocks.Ā
European Markets:
FTSE 100:Ā Closed at 7,200.50, up 0.4%, as investors reacted to potential tariff flexibility.ā
DAX:Ā Ended at 15,300.75, gaining 0.5%, reflecting cautious optimism.ā
CAC 40:Ā Finished at 6,800.30, up 0.3%, amid trade policy developments.ā
Asian Markets:
Nikkei 225:Ā Closed at 29,500.00, unchanged as investors weighed global trade dynamics.āUS News
Hang Seng:Ā Ended at 24,800.45, flat amid mixed regional performance.ā
Shanghai Composite:Ā Closed at 3,600.20, down 0.2%, reflecting investor caution.ā
š° Key News Highlights
U.S. Tariff Developments:Ā President Donald Trump has hinted at flexibility regarding the upcoming "Liberation Day" tariffs set for 2nd April. The administration may adopt a more targeted approach, potentially exempting certain countries or sectors, which has buoyed market sentiment.Ā
Corporate Earnings:Ā Digital marketing group S4Ā reported an 11% revenue declineĀ for 2024, attributing the downturn to client caution amid trade uncertainties.Ā
Mergers & Acquisitions:Ā Australia's James HardieĀ announced plans to acquire AZEK CompanyĀ for $8.8 billion, leading to a 14.5% dropĀ in its share price.Ā ā
š¹ Commodities & Cryptocurrencies
Gold (GLD):Ā Trading at $278.49, down 0.8%, as investors assess risk appetite.ā
Oil (USO):Ā Priced at $73.79, showing marginal gains amid supply considerations.ā
Bitcoin (BTC):Ā Holding steady at $87,412.00, reflecting ongoing investor interest in digital assets.ā
Ethereum (ETH):Ā Trading at $2,083.41, up 3.6%, indicating positive momentum in the crypto market.ā
š Economic Indicators to Watch
This week, several key economic data releases are anticipated:
Global Purchasing Managers' Index (PMI):Ā Providing insights into manufacturing and service sector health.
U.S. Inflation Data:Ā Offering indications of price trends and potential monetary policy adjustments.ā
Major Earnings Reports in China:Ā Shedding light on corporate performance amid trade tensions.ā
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