US indices plunged yesterday with the tech sector lagging the most. Stocks remain under pressure amid continued pick-up in yields. US 10-year yield is nearing 3% S&P 500 dropped 1.48%, Dow Jones moved 1.05% lower while Nasdaq slumped 2.07%. Russell 2000 also dropped more than 2% Downbeat moods were observed during the Asian session as […]
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Latest News
Looking Ahead (French Elections)
Who will win French elections❓ How will markets react❓ Second round of French presidential elections will be held this Sunday, April 24. As expected, incumbent president Emmanuel Macron and far-right candidate Marine le Pen made it to the second round. Below we present a list of key info ahead of the Sunday’s ballot as well […]
21
Apr
Apr
Lets Talk DAX 30
The German benchmark index is fighting against the medium-term downtrend. D1 chart The DE30 continued its recovery on Thursday, testing the 50-day moving average for the first time in more than two weeks. Yesterday’s breakout above the local highs may have ended the short-term downtrend. However, to improve the medium-term outlook, the index would need […]
21
Apr
Apr
Tesla Shares See Pre-Market Gains
Tesla (TSLA.US) shares are already gaining nearly 8% in pre-market trading after releasing solid financial results for Q1 2022 that exceeded Wall Street expectations. Some investors are hoping that Tesla’s surprisingly strong results could bring a real ‘belated’ spring to the stock market: Revenue was $18.6 billion, compared to $10.39 billion in the same quarter a year […]
21
Apr
Apr
Bullish EUR on ECB Member Remarks
EURUSD has been trading in a downtrend for some time already. Nevertheless, an attempt to launch a recovery move could have been spotted yesterday, triggered by speech by ECB members Kazaks, head of Latvian central bank . He said that ECB asset purchases may be terminated before Q3 2022 – much earlier than it was […]
21
Apr
Apr
Speeches From The Fed & BoE in Today’s Economic Calendar
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 […]
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. […]