The UK GDP report for March and full-Q1 was the only noteworthy European data releases scheduled for today. Report saw daylight at 7:00 am BST and turned out to be a big disappointment. Report showed a 0.8% QoQ expansion in Q1 2022 while the market expected an expansion of 1% QoQ. However, it was March […]
European markets set for lower opening US PPI for April due at 1:30 pm BST UK economy unexpectedly contracted in March Futures markets point to a significantly lower opening of today’s cash trading session on the Old Continent. German DAX futures (DE30) are currently trading almost 300 points below yesterday’s cash close. Other risk asset […]
US indices resumed a drop yesterday with all major Wall Street benchmarks finishing trading significantly lower. S&P 500 dropped 1.65%, Dow Jones moved 1.02% lower and Nasdaq slumped 3.18%. Russell 2000 moved 2.48% lower. Indices from Asia-Pacific followed the US lead and also moved lower. Nikkei and S&P/ASX 200 dropped 1.7%, Kospi moved 1.5% lower […]
The Terra/Luna cryptocurrency dropped another 75% overnight alone. This is one of the most spectacular crashes in cryptocurrency history and the biggest crash among the top cryptocurrencies. The project dropped from nearly $80 to $5 in 5 days. The cryptocurrency market is keenly watching the latest news about the project, whose collapse is being likened […]
Release of the US CPI report for April is a key event of the day. Inflation report will be released at 1:30 pm BST and is expected to show a deceleration in headline and core price growth on a year-over-year basis. Expected deceleration can be, at least to some extent, reasoned with a more favorable […]
European indices set to open slightly higher US CPI report in the spotlight Beyond Meat and Walt Disney to report Q1 earnings European stock market indices are set for a slightly higher opening of today’s cash session. DAX futures currently trade around 50 points above yesterday’s cash close. Trading is expected to be rather calm […]
US indices finished yesterday’s trading mixed. S&P 500 gained 0.25%, Dow Jones moved 0.26% lower and Nasdaq added 0.98%. Russell 2000 finished flat. Indices from Asia-Pacific traded mostly higher today. Nikkei gains 0.4%, indices from China traded up to 3% higher while Kospi and S&P/ASX 200 finished flat. DAX futures point to a slightly higher […]
Risk assets like equities, cryptocurrencies or oil plunged yesterday in a broad market sell-off. Policy tightening and global economic slowdown resulting from tight lockdowns in China drove asset prices lower. Situation has calmed down a bit and a small relief rally can be spotted today. Taking a look at Brent chart (OIL) at H4 interval, […]
European markets opened higher German ZEW index on the agenda 4 Fed members scheduled to speak European stock market indices launched today’s cash trading session higher. Markets are trying to catch a breath after yesterday’s sell-off – S&P 500 futures (US500) climbed back above 4,000 pts mark, Bitcoin recovered from drop below $30,000 and German […]
US indices plunged yesterday amid concerns over monetary policy tightening and overall deterioration in global economic outlook due to pandemic situation in China. S&P 500 dropped 3.20%, Dow Jones moved 1.99%, Nasdaq plunged 4.29% and Russell 2000 finished trading 4.21% lower. Situation calmed during the Asia-Pacific session with indices from the region trading mixed. Nikkei […]
