World Market News of the 27 March with FXOpen #sp500 #japaneseyen #useconomy #nvidiastock

Yen Tumbles The Japanese currency fell to a 34-year low on Wednesday, while the Nikkei 225 and the Topix gained ground. Hong Kong’s Hang Seng and mainland China’s CSI 300 slipped as data showed Chinese industrial profits fell 2.3% for the whole of 2023. Overnight, US stocks closed lower as the market rally continued to cool. The S&P 500 fell for its third straight session, down %. The Nasdaq lost % as tech stocks struggled, while the Dow slipped %. Source: CNBC Larry Fink Warns of ‘Snowballing Debt’ Hitting US Economy BlackRock Inc. Chief Executive Officer Larry Fink said the US public debt situation “is more urgent than I can ever remember” and that the country needs to adopt policies to spur economic growth. The nation can’t rely on taxes and spending cuts to get the problem under control, Fink wrote in his annual letter Tuesday. He raised the prospect of a “bad scenario” akin to Japan’s economy in the late 1990s and early 2000s, which led to a period of austerit