Mixed trends in Asia as Nikkei Index increases by 0.8%

Global Stock Markets Mixed, While Commodities and Online Gambling Continue to Thrive

In Asia, major indices are mostly trading down, with the exception of the Nikkei which rose by about 1%. On Wall Street, futures are up this morning, with Nasdaq, Dow Jones, and S&P 500 all rising by 0.3%. Yesterday, Wall Street closed lower after seeing price increases throughout most of the trading day. The Nasdaq index fell by 0.4%, the Dow Jones by 0.1%, and the S&P 500 by 0.3%. Notable market movements include Truth Social’s 50% spike on its first day of trading and Krispy Kreme’s stock jumping by 40% after reaching an agreement with McDonald’s to sell donuts in all its US stores.

Oil prices have risen slightly due to OPEC Plus’s decision to extend cuts in oil exports. However, the acceleration of oil production in the US could offset this increase, according to Bank Leumi’s chief economist. Cocoa prices have soared to all-time highs due to production challenges in the Ivory Coast and Ghana, leading to a global shortage.

The global interest rate outlook suggests potential cuts later this year as many major central banks indicate possible decreases. Additionally, the Bank of Israel may lower interest rates in April based on recent developments. Experts predict that market reactions will be positive following such actions and expect stock market performance to improve following interest rate cuts.

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