G7

4 key themes for global finance, what's happening?

Markets started the day with Asian indices rising.
Global finance continues to be focused on a series of strategic events and data for investors, such as forecasts on central banks, movements in inflation rates in Europe and the USA, the growth of China, the evolution of the two wars in course.
Against this backdrop, Asian stocks gained, led by Japan, after US indices hit record highs on the back of in-line inflation data.
Europe is expected to increase.
In 4 points, here is what to observe today to orient yourself in global finance and the markets.
1.
Manufacturing activity in Asia Asia's major manufacturing economies have struggled to emerge from February's decline, with Japan particularly hit by a steeper decline in demand, while an uneven recovery in China has obscured some signs of improvement elsewhere in the region .
A series of newly released business surveys have highlighted mixed performance across Asia, with Japan's manufacturing purchasing managers' index (PMI) showing industrial activity falling at the fastest pace in more than three years .
More mixed signals came from China, with the official government PMI showing industrial activity continuing to decline, in contrast to a slight recovery seen in the private sector Caixin PMI.
2.
Wall Street Euphoria Overnight in the US, the Nasdaq Composite recorded its first closing record since November 2021, with the rise in technology and chip stocks.
The tech-heavy index closed at an all-time high of 16,091.92.
The S&P 500 index also closed with a record, up 0.52%.
The Dow Jones rose 0.12%.
read also USA, PCE inflation drops to 2.8%.
Fed rate cut closer Overnight data showed U.S.
inflation rose in line with expectations in January, according to a key indicator used by the Federal Reserve.
The long-awaited US inflation data provided few surprises to investors and helped push US Treasury yields lower.
In detail, the PCE price index recorded the smallest annual increase in almost three years, keeping the possibility of an interest rate cut by the Fed in June on the table.
3.
G20 stalemate Divisions over conflicts in Gaza and Ukraine prevented Group of 20 finance chiefs from issuing a final statement following their meetings in Sao Paulo.
Brazilian Finance Minister Fernando Haddad told reporters that the parties had failed to agree on geopolitics and that, as the host country, his government would instead issue what is known as a presidential statement.
The meetings concluded on Thursday 29 February.
The statement, released minutes after Haddad's comments, refers to "wars and escalating conflicts" without identifying them, as well as "geoeconomic fragmentation." This is yet another sign of a divided and rivalry world.
4.
Biden Plan for Ukraine US President Joe Biden wants G7 nations to make progress on plans to tap frozen Russian sovereign assets to help support Ukraine before the leaders meet in June, according to reports collected by Bloomberg.
G7 officials discussed options for using the Russian Central Bank's $280 billion in fixed assets, including using the money as collateral to raise debt or issuing guarantees against frozen funds.
read also Europe, is increasing military spending possible or is it a gamble? The 3-point answer Tension is rising over resources for military and defense support to Ukraine, in a context in which the US is more reluctant to increase the budget and the EU does not have a common budget in this regard.
While Putin threatens the West again.

Author: Hermes A.I.

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