- Wall Street indices are trading mostly lower today, snapping a 4-day rally. S&P 500 drops 0.1%, Nasdaq trades 0.3% lower and small-cap Russell 2000 declines 0.8%. Dow Jones gains 0.2%
- Earnings reports continue to be key drivers of moves on US stocks
- Among today's post-earnings movers one can find ZoomInfo Technologies (-26%), Shopify (-19%), Uber Technologies (-8%) or Arista Networks (+7%)
- ARM Holdings and Airbnb are among companies scheduled to report results after Wall Street session closes today
- European stock market indices traded mostly higher today - German DAX gained 0.3%, UK FTSE 100 moved 0.5% higher, while French CAC40 rallied 0.7%
- SEK weakened after Riksbank announced a 25 basis point rate cut, in-line with expectations. The main Swedish interest rate was cut from 4.00 to 3.75%, the lowest level since Q2 2023. It was also the first Riksbank rate cut since early-2016
- Fed Collins said that monetary policy is moderately restrictive right now, but expects that demand will need to slow to get inflation to 2% target
- ECB Wunsch said he sees a path to start lowering rates this year
- According to Tokyo TV, Japan intervened twice on the FX market last week
- New Atlanta Fed GDPNow estimate for Q2 2024 came in at 4.2%, up from previous 3.3%
- German industrial production declined 0.4% MoM in March (exp. -0.6% MoM). On an annual, work-day adjusted basis production was 3.3% YoY lower, following a 5.3% YoY drop in February
- Spanish industrial production declined 1.2% YoY in March, following a 1.3% YoY increase in February
- Italian retail sales were flat month-over-month in March (0.0% MoM), in spite of an expected 0.2% MoM increase
- DOE report showed a 1.36 million barrel drop in US oil inventories (exp. -1.2 mb), a 0.92 million barrel build in gasoline inventories (exp. -1.4 mb) and a 0.56 million barrel build in distillate inventories (exp. -1.2 mb)
- Major cryptocurrencies traded lower today - Bitcoin drops 1%, Ethereum declines 1.5%, Ripple trades 1.1% lower and Dogecoin moves 2.7% lower
- Energy commodities trade mixed - US natural gas prices drop 2%, while oil trades 0.5% higher after recovering from earlier declines
- Precious metals trade mostly higher - gold gains 0.1%, silver adds 0.6% and platinum trades 0.4% higher. Palladium declines over 2%
- CHF and USD are the best performing major currencies, while JPY and AUD lag the most
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".