5 things you need to know today 14-3-2024:
Today, at 4:30 pm Dubai time, the markets are awaiting the release of data on producer prices, retail sales, and unemployment claims, as expectations indicate that producer prices on a monthly basis stabilized at the same previous levels at 0.3%, and retail sales are expected to rise on a monthly basis by 0.8% and unemployment claims will rise to 218 thousand.
Economic activity in the euro zone declined during the previous month by 3.2%, higher than expectations that indicated a decline of 1.8%.
Tesla shares fell to their lowest levels in 10 months, under pressure from poor performance in China, causing the stock to decline by about 31% since the beginning of the year.
Oil prices rose by 2% after crude oil inventories indicated a decline of 0.9 million barrels per day, and currently levels near $84 are considered important resistance to price movement.
Gold is currently stable between support levels near $2148 per ounce and resistance levels near $2177 per ounce. It is expected that the producer prices and retail sales that will be released today will have a direct impact on price movement Govt Jobs India