BoykoWealth.com — Automated Daily Report on World Macroeconomic News for March 28, 2025
A comprehensive summary of the news, covering GDP, inflation, unemployment, consumer confidence, equity markets, fixed income and interest rates, commodities, currencies, economic indicators, geopolitical developments, and new technology news.
United States: The U.S. economy expanded at a healthy pace in the fourth quarter of 2024, with GDP growing 2.4%, although this was slower than the 3.1% growth in the third quarter. The Personal Consumption Expenditures (PCE) inflation report, the Federal Reserve’s preferred inflation gauge, is anticipated to show an annual inflation rate of 2.5%, consistent with the previous month. Core inflation, excluding volatile food and energy prices, is projected to rise to 2.7%, up from 2.6% in January. The Labor Department reported jobless claims totaling 224,000 for the week ending March 22, a decrease of 1,000 from the previous week.
Equity Markets: U.S. stocks ended lower for the second straight session on Thursday, weighed down by President Donald Trump’s fresh tariff announcement on foreign-made cars. The Dow Jones Industrial Average fell 1.69% or 715.80 points, to end at 41,583.90 points. The S&P 500 declined 1.97% or 112.37 points, to close at 5,580.94 points. The tech-heavy Nasdaq slid 2.70% or 480.04 points to finish at 17,322.99 points. The fear-gauge CBOE Volatility Index (VIX) was up 1.96% to 18.69.
Corporate Actions and Earnings: Shares of major automakers declined following Trump’s announcement of hefty tariffs targeting foreign carmakers. General Motors ended 7.4% lower, while Ford Motor Company declined 3.9%. However, shares of Tesla gained 0.4%, as it is expected to benefit from Trump’s tariffs due to its large-scale domestic production. CoreWeave, a cloud computing company backed by Nvidia, is set to debut on the Nasdaq under the ticker “CRWV”. The IPO was priced at $40 per share, below the anticipated range of $47 to $50, valuing the company at approximately $23 billion.
Trending Industry Update: The technology sector faced declines, with the Technology Select Sector SPDR losing 0.9%. Industrial stocks also performed poorly, with the Industrial Select Sector SPDR falling 0.5%. However, consumer staples stocks gained, with the Consumer Staples Select Sector SPDR adding 1.1%.
Europe: European markets are reacting to the U.S. tariff announcement, with significant declines in auto stocks. Stellantis, the parent company of Jeep and Chrysler, experienced a 1.3% decline. The European Central Bank is closely monitoring inflation trends, with expectations of continued monetary policy adjustments to address rising prices.
Asia: Asian markets are also feeling the impact of the U.S. tariffs, with notable declines in auto stocks. Investors are seeking safe-haven assets, leading to a surge in gold prices. Gold futures reached a record high of $3,100 per troy ounce.
Fixed Income and Interest Rates: The bond market is experiencing increased volatility, with yields fluctuating in response to inflation data and geopolitical developments. The Federal Reserve’s monetary policy decisions will be influenced by the upcoming PCE inflation report.
Commodities: Gold prices have surged, reaching a record high of $3,100 per troy ounce, as investors seek safe-haven assets amid trade uncertainties. Oil futures are experiencing a slight decline, with Brent crude futures down 0.22%, reflecting concerns over global demand in light of escalating trade tensions.
Energy: The energy sector is facing challenges due to fluctuating oil prices and geopolitical tensions. Investors are closely monitoring developments in the Middle East, which could impact global energy supply.
Metals: Gold continues to be a preferred safe-haven asset, with prices reaching new highs. Other metals, such as silver and platinum, are also experiencing increased demand.
Currencies: The U.S. dollar is experiencing volatility in response to trade policies and inflation data. Other major currencies, such as the euro and yen, are also fluctuating as investors react to global economic developments.
Economic Indicators: The PCE inflation report is a key indicator for the Federal Reserve’s monetary policy decisions. The report is expected to show an annual inflation rate of 2.5%, with core inflation projected to rise to 2.7%.
Geopolitical Developments: President Trump’s announcement of tariffs on foreign-made cars and auto parts is causing significant market reactions. Investors are anticipating further reciprocal tariffs and monitoring geopolitical tensions in the Middle East.
New Technology News: CoreWeave’s IPO is a notable development in the technology sector. The company’s debut on the Nasdaq is expected to attract significant investor interest.
This comprehensive summary provides an overview of the latest macroeconomic news and market developments for March 28, 2025. Stay informed with BoykoWealth.com for daily updates on world macroeconomic news.