Title: U.S. Stock Futures Rise, Bilibili Falls 7% as European Stocks Decline
On Thursday, March 7, U.S. stock futures turned higher while Bilibili saw a 7% decrease in its value. Most of the “Seven Sisters” in the U.S. stock market experienced gains, with the Japanese yen continuing to rebound and gold prices remaining high.
Federal Reserve Chairman Jerome Powell reiterated on Wednesday that the central bank is not in a rush to cut interest rates until confident in their ability to combat inflation. The market now awaits the European Central Bank decision on interest rates and economic forecasts.
In U.S. stock futures, Nasdaq 100, S&P 500, and Dow all showed gains, while Chinese concept stocks like Xpeng Motors, Nio, and Li Auto experienced declines. Bilibili’s fall of over 5% was attributed to disappointing Q4 financial results in the gaming sector.
Meanwhile, European stocks showed mixed results with Novo Nordisk hitting a record high on positive trial data for a weight loss drug. The yen gained against the U.S. dollar, breaking the 148 mark, and gold prices continued to rise, reaching over $2,150 per ounce.
In Japan, the Nikkei 225 index saw a 1.31% decline, with positive wage data but concerns over achieving price targets. UBS reported on the surprising rebound of gold prices, indicating bullish market expectations.
Bitcoin prices saw a slight decline, trading at $66,693. Investors are advised to exercise caution and consider their individual circumstances before making any investment decisions.