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Reading: Monetary policies & tech regulation impact global stocks and currencies
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SmartTrader > Daily Markets Wrap > Monetary policies & tech regulation impact global stocks and currencies
Daily Markets Wrap

Monetary policies & tech regulation impact global stocks and currencies

SmartTrader Analyst Team
SmartTrader Analyst Team June 28, 2023 3 Min Read
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📆 Wednesday, June 28

► European equity contracts saw an increase, breaking a six-day losing streak, while US stock trade little changed. Asian shares experienced a mixed performance.

► Top policymakers from the ECB, Federal Reserve, Bank of Japan, and Bank of England are attending the European Central Bank's forum in Portugal, where they will discuss monetary policies aimed at combating persistent inflation. Fed Chair Jerome Powell is scheduled to speak later at 13:30 UTC+0.

► Nvidia Corp. experienced a strong decline in US after-hours trading after a Wall Street Journal report suggesting potential US restrictions on chips made by Nvidia Corp. and other companies to China. The news also influenced US equity futures negatively, pushing contracts on the tech-heavy Nasdaq down by approximately 0.3%.

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SmartTrader Analyst Team June 28, 2023
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