Classic Finance

US stocks were higher after the close on Thursday, as gains in the Technology, Oil & Gas and Consumer Services sectors led shares higher.

European stock markets fell heavily on Wednesday. Investors are weighing escalating geopolitical tensions, weakening global growth outlook and mixed quarterly corporate reports.

Argentina's Central Bank (BCRA) made its fourth rate hike this year as inflation rose above 55 percent. BCRA raised the benchmark rate by 250 basis points.

Oil prices fell 5% yesterday on news that the US will release its own reserves. According to the news, the USA plans to release 1 million barrels of its own oil reserves and 180 million barrels in total in order to reduce Russia's oil power.

The US's March jobs report will be released on Friday, making it the last monthly jobs report ahead of the Fed's May meeting. Inflation will be updated in a week when the economic calendar is busy. Developments in Ukraine and oil prices will continue to shape the market sentiment as the first quarter draws to a close.

While Brent oil rose 5% to $121 today,crude oil rose above $116.

Japan-based crypto exchange Coincheck will be listed on the Nasdaq through a $1.25 billion merger with Thunder Bridge Capital Partners.

Isolated from the world economy of Western countries after the war that began in Ukraine, Russia is looking for buyers for its $ 140 billion gold reserves due to sanctions. As the Russian war against Ukraine continues, the scope of sanctions against Western countries that want to pay the country a high price for the economy is gradually expanding.

Gold and Gas Futures Drop on Friday. Gold Futures was down 0.49% for April at USD1.00 an ounce on the Comex division of the New York Mercantile Exchange at the time of writing.

In Australia, a consumer rights watchdog has sued its parent company Meta, citing fraudulent ads posted on Facebook.

The Australian watchdog has filed a lawsuit against the parent company of the social media platform, Meta, for ads posted on Facebook in a cryptocurrency scam attempt that totaled A$100 million from citizens of the country in 2021.

Binance and FTX, the largest centralized exchanges of the cryptocurrency markets, seem to have adopted an expansion policy towards the Middle East recently.

As rising inflation threatens to further reduce the purchasing power of the global fiat ecosystem, the need to find the perfect hedge against a declining economy becomes critical.