Archive for April 27th, 2022

Russian Gazprom informed Polish and Bulgarian natural gas companies that supply of Russian gas has been halted this morning and will not resume unless Poland and Bulgaria agreed to pay for gas in Russian rubles. This means that the sanctions grand finale may have arrived. As Russia decided to cut Europe off its gas before […]

New orders for US manufactured durable goods rose 0.80% month-over-month in March, from upwardly revised -1.7% (previous -2.1%) decrease in February and compared to market expectations of a 1.0% increase. Computers and electronic products, up two of the last three months, led the increase, up by $0.7 billion, or 2.6 percent, to $26.3 billion. Meanwhile, orders for […]

Microsoft to release earnings after close of US session today Another quarter of double-digit growth expected Sales growth expected to slow to below 20% for the first time in a year Intelligent Cloud segment continues to lead Stock trades 17% year-to-date lower Microsoft (MSFT.US) is set to report earnings for fiscal-Q3 2022 (calendar Q1 2022) […]

Oil is trading higher today, along with other risk assets. A pause in the US yield rally allowed equities to catch some breather and improved sentiment towards energy commodities and industrial metals. However, the outlook for oil is far from clear as there are a number of contradicting factors. On one hand, we have a […]

European markets set to open higher US durable goods orders data for March, API report Earnings reports from Alphabet and Microsoft Futures markets point to a much higher opening of the European stock market session for major indices from the Old Continent. DAX futures trade almost 200 points above yesterday’s cash close while Euro Stoxx […]

US indices defied global trend and managed to close higher yesterday. S&P 500 gained 0.57%, Dow Jones moved 0.70% higher and Nasdaq gained 1.29%. Russell 2000 added 0.70%. Improved moods were presented during the Asian session as well. Nikkei gained 0.5%, Kospi moved 0.4% higher and indices from China traded up to 1.5% higher. S&P/ASX […]

Twitter (TWTR.US) stock added 5% before the opening bell after Reuters reported that the social media giant could agree a takeover deal with Elon Musk for $54.20 per share in cash, the price the Tesla (TSLA.US) CEO called his ‘best and final’ offer. It comes a day after the company’s board reportedly met Sunday to discuss a […]

Gold fell over 1.5% due to concerns regarding large interest rate hikes in the US Gold dropped more than 1.5% today and broke below $ 1,900 an ounce. Earlier at the beginning of today’s trade, price fell below the 50.0 retracement of the entire pandemic rebound. Earlier price twice tested support around USD 1,900, however […]

After the weekend, we see a continuation of the sentiment seen at the end of last week. Although Macron’s win in the second round of the French presidential election is a positive factor, lockdown fears in Asia have returned to the market and thus we may see risk-off sentiment. Looking technically at the chart, EURUSD […]

European markets set for lower opening German IFO index for April GDP reports from US and Germany later into the week Futures markets point to a lower opening of the European session today. Deteriorating pandemic situation in China is putting pressure on risk assets. Asian indices as well as oil and industrial metals took a […]