European stock markets set for slightly higher opening Speeches from Fed and BoE chiefs Revised European CPI data for March European stock market indices are set for a slightly higher opening of today’s cash session. DAX futures currently trade around 40 points above yesterday’s cash close. ECB members struck more hawkish tone rate hikes, making […]
Archive for April 21st, 2022
Archive for April 21st, 2022
Archive for April 21st, 2022
21
Apr
Apr
Good Morning Traders
US indices finished yesterday’s trading mixed. Dow Jones gained 0.71%, S&P/ASX 500 finished flat while Nasdaq dropped 1.22%. Russell 2000 gained 0.37%. Indices traded mixed during the Asia session. Nikkei gained 1.2%, S&P/ASX 200 added 0.4%, Kospi jumped 0.5% while indices from China traded lower. DAX futures are point to a slightly higher opening of […]
20
Apr
Apr
Talking Canadian Dollar
Canada’s annual inflation rate increased to 6.70 % in March from 5.7 % in February and well above market expectations of a 6.1% rise. Core consumer prices in Canada increased to 5.50% in March YoY from 4.8% in previous month, while analysts expected reading of 4.2%. Today’s higher inflation reading may be another impulse for the BoC to raise […]
Talking French Elections
Marine Le Pen, leader of the populist-chauvinist National Rally, will probably lose against Emmanuel Macron on Sunday. That would be a relief, but this probable victory shouldn’t disguise the fact that political moderation is in retreat — in France, as elsewhere. The opinion polls that come after the presidential debate (tonight) will be crucial. It […]
20
Apr
Apr
ABT.US Down 2.0% in Pre-market
Abbott Laboratories (ABT.US) stock fell over 2.0% in pre-market despite the fact that medical devices and health care companies posted quarterly figures which topped market estimates. Company earned $1.73 on revenue of $11.9B boosted mainly by high demand for its COVID-19 test kits and other medical devices. Meanwhile analysts expected earnings of $1.47 on revenue of $11.04B. […]
20
Apr
Apr
Earnings Preview Tesla
Tesla to report earnings after Wall Street session today Market expects earnings to more than double More than 60% jump in revenue expected Focus on supply chains and China Stock trades 3% year-to-date lower Tesla (TSLA.US), world’s most famous EV manufacturer, is set to report financial results for Q1 2022 today after the close of the […]
20
Apr
Apr
EUR/USD climbs on ECB Comments
Euro rebounded sharply against the US dollar after ECB Kazaks indicated that the QE program could end at the start of the third quarter. Earlier, Christine Lagarde said that there was a possibility of ending the QE program sooner than before the end of Q3. Decisions may be taken during the June meeting. In addition, […]
20
Apr
Apr
Talking Netflix
Netflix reported a drop in overall subscriber number for the first time in over a decade. Company’s share price plunged over 20% in the after-hours trading, hitting a sentiment towards the whole tech sector. Nasdaq-100 (US100) pulled back around 1% after the close of the Wall Street session but managed to regain part of the […]
20
Apr
Apr
The Day Ahead
Futures point to higher opening of European session. Canadian CPI inflation, 3 Fed speakers. Tesla earnings after Wall Street session close. Futures markets point to a slightly higher opening of the European cash session today, following a solid performance of US equities yesterday. DAX futures trade around 50 points above yesterday’s cash close. Sentiment deteriorated […]
20
Apr
Apr
Good Morning Traders
US indices finished yesterday’s session with big gains, led by tech sector. Nasdaq rallied 2.15%, Dow Jones added 1.45% and S&P 500 jumped 1.61%. Small-cap Russell 2000 added 2.04%. Stocks in Asia traded higher, although ranges were much smaller. Nikkei gained 0.9%, S&P/ASX 200 and Kospi added 0.1% each while indices from China traded lower. […]