Today, investors’ attention turns primarily to the US CPI inflation report, which, along with the labor market data we have learned, will be a major factor in determining what the Fed will do at the next FOMC meeting in May. Analyst consensus assumes that the headline reading for CPI inflation will drop significantly, coming in […]
Stocks
Stocks
Stocks
12
Apr
Apr
The Day Ahead
Futures based on indexes from the Old Continent point to a slightly lower opening of today’s trading session in Europe. Investors are looking uncertainly towards the macro readings scheduled for today, which are likely to dictate how the future monetary policy of the major central banks will be created. In the FX market, sentiment is […]
12
Apr
Apr
Dow futures rise 215 pts after March U.S. CPI comes in cooler than expected
U.S. stocks are seen opening firmly higher Wednesday, after the March inflation data came in cooler than expected, potentially offering the Federal Reserve the opportunity to pause its rate-hiking cycle. At 08:40 ET (12:40 GMT), the Dow Futures contract was up 215 points or 0.7%, S&P 500 Futures traded 34 points or 0.8% higher, and Nasdaq 100 Futures traded 135 points, […]
11
Apr
Apr
Sell Before May And Go Away
S&P 500 is likely to shift its direction in the coming days and likely correct 10% in the coming 3 to 6 months, Wells Fargo equity analysts told clients in today’s note. S&P 500 Futures are trading modestly higher in pre-market Tuesday and “within spitting distance of our 4200 SPX target,” say the analysts. Wells Fargo economists […]
11
Apr
Apr
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What’s Moving Markets
Alibaba formally unveils its own answer to ChatGPT and Bitcoin surges above $30K for the first time since last summer, while U.S. inflation data looms large, the IMF gets set to reveal its latest economic forecasts, and oil prices gain on expectations for another decline in American inventories. 1. Futures rise with inflation in focus […]
11
Apr
Apr
Earnings Season Ahead
The first quarter of the year has ended so the time has come for the launch of the Wall Street earnings marathon. As usual, big US banks will be the first ones to report financials for the January-March 2023 period. While results will be watched closely, attention may be more focused on accompanying commentary, especially […]
11
Apr
Apr
Chart of The Day
European stock market indices launched the first cash trading session after Easter break higher. Blue chips indices from Western Europe trade 0.5-1.0% higher, following an upbeat Asian session earlier today. However, part of gains has been erased already with DAX dropping back below 15,700 pts. Taking a look at DAX futures at H1 interval (DE30) […]
11
Apr
Apr
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Asia FX edges higher, dollar mixed ahead of Fed cues, inflation data
Most Asian currencies rose slightly on Tuesday, while the dollar was somewhat mixed ahead of more cues on the U.S. economy and monetary policy from key inflation data due later this week. Still, gains in regional currencies were limited following a string of less hawkish cues from local central banks, amid signs that inflation was […]
10
Apr
Apr
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Markets To Watch
Investors that will be returning to the markets after Easter holidays and will face a number of top-tier market events in the week ahead. Rate decision from the Bank of Canada, Q1 earnings from major US banks as well as FOMC minutes and US inflation data are highlights in this week’s calendar. Be sure to watch […]