Stock price rebound rise? Will the stock price continue to rise!? "Key points and event schedule for March 18"

Did the Dow Jones fall a record over 3,000 dollars the day before yesterday and then rebound, or did the Dow finish trading yesterday up by 1,048 dollars?

There is less surprise at fluctuations of about ±1,000 dollars (yen).

Yesterday, a large-scale stimulus package was announced in the United States, and in Europe, additional restrictions to prevent further infection spread have been announced.

The Turkish central bank also held an emergency meeting and announced an emergency rate cut.

With governments and central banks around the world issuing emergency measures one after another, market volatility seems to be rising.

◎ Today’s Points of Focus

1) Market Stability

Was yesterday’s stock market a self-sustaining rebound, or are financial and fiscal policies of various countries being well received and returning to calm, with many markets closing in positive territory?

Today, we will be watching whether it can also end in positive territory and whether the range of fluctuations will settle down.

One of the items of focus for volatility is the VIX index, which has fallen about 10 points to around the 75 level.

It is also worth watching whether this VIX index will continue to decline.

If the market stabilizes, it is expected to price in negative news and reverse.

Even with various headlines coming out, the key will be whether the market does not overreact and whether it calms down.

2) Coronavirus Response

Yesterday, travel restrictions were announced in Belgium, and the EU announced entry restrictions for non-member countries, signaling policies to curb the spread of infection.

That said, this is negative for the economy.

On the other hand, the United States has announced large-scale stimulus measures and tax cut proposals.

The Bank of Japan has increased ETF purchases and is providing liquidity to stabilize the market.

Today too, it seems that governments and central banks around the world will announce and implement countermeasures.

Attention is on whether negative policy measures for the economy will be issued or positive measures to support the economy will be introduced.

Also, it is important to watch how the market will react to the various headlines as they come out.

3) U.S. Presidential Primaries

From yesterday through this morning, presidential primaries were held in four U.S. states.

In Japanese time, much of the result is expected to be known by today morning.

I don’t expect much market reaction, but the results themselves are worth watching.

◎ Today’s Event Schedule

March 18 (Wednesday)

U.S. tariffs on Europe planned to be raised

06:45 NZD Current Account

08:50 JPY Trade Balance

10:00 AUD Ellis RBA Deputy Governor speaks

19:00 EUR Eurozone HICP (Consumer Price Index)

21:30 USD U.S. Building Permits

21:30 CADCanada CPI (Consumer Price Index)

23:30 USD Crude Oil Inventories

March 19 (Thursday)

08:30 JPY Nationwide CPI (Consumer Price Index)

Okachanman Recommended Analysis Tool

TradingView

A platform that handles a wide range of currency pairs, commodities, bonds, and stock indices, offering various analyses.

Markets such as forex, stocks, bonds, and commodities are interrelated, and comparing across markets is beneficial for trading.

Being able to overlay forex with stock indices or with commodities on a single chart is very convenient for comparisons.

Most features are free to use, so why not give it a try!

It also has social features, so please consider following us↓↓↓

https://jp.tradingview.com/u/okachanman/