Mixed Markets and Interest Rate Outlook: A Comprehensive Overview of Global Financial News

Mixed trends in Asia as Nikkei Index increases by 0.8%

In Asia, major indices are trading down except for the Nikkei, which rose by about 1%. On Wall Street, futures are trading higher this morning with Nasdaq, Dow Jones, and S&P 500 up 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%.

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 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.

Global interest rate outlook suggests potential cuts later this year as many major central banks indicate possible decreases. Furthermore, Bank of Israel may lower interest rates in April based on recent developments. Experts predict market reactions to interest rate cuts with expectations for positive stock market performance following such actions.

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