Biden’s endorsement of Harris and China’s central bank rate cut caused the dollar to slip and Asian stocks to fall. The US dollar fell 0.2%, the Mexican peso climbed. Stocks in Japan and South Korea dropped. PBOC’s reverse repo rate was lowered to 1.7%. Oil and gold prices increased. Focus points include Europe’s economic data, US growth, and corporate earnings.
Over 800 smallcaps end the week in red. 116 stocks fall in double-digits up to 43%
BSE Smallcap fell 2% last week, with 821 stocks declining up to 43%. Market sentiment remained weak due to US recession fears and tariff wars.
March 15, 2025