Global stocks fell again. The Dow Jones closed 543 points lower on Thursday, while the S&P 500 and the Nasdaq shed 1.8 and 2%, respectively, as investors continued to weigh hawkish remarks by Fed Chair Powell this week while remained concerned ahead of tonight's payroll report. The Fed Chairman stated that signs of a hotter economy from the start of the year warrant faster rate hikes, driving investors to believe a 50bps interest rate hike could be locked in this month should Friday’s jobs report and next week’s CPI print remain heated.
Domestic stocks kept in green but are approaching the resistance zone. Total import and export turnover in the first 2 months of 2023 reached 95.84 billion USD, down 13.4%.
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