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US indices finished yesterday's trading higher. S&P 500 added 1.44%, Dow Jones gained 1.13%, Nasdaq jumped 1.67% and Russell 2000 closed 0.49% higher
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Equities in Asia traded mixed. Nikkei dropped 1.2%, S&P/ASX 200 gained 0.9%, Kospi added 0.2% and indices from China moved lower
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DAX futures point to a higher opening of the European session
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According to a Reuters report, losses from Archegos Capital collapse for Credit Suisse may be as high as $5 billion. JPMorgan says that combined losses tied to Archegos are now close to $7.5 billion
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According to Bloomberg report, China has reportedly asked banks to reduce credit action until year's end
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UK authorities announced a government-backed loan programme that will replace existing Covid-19 support schemes
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Reserve Bank of Australia left interest rates unchanged and maintained policy approach
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China Caixin services PMI for March came in at 54.3, up from 51.5 in February (exp. 52.2)
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Japanese household spending declined 6.6% YoY in February (exp. -5.3% YoY)
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According to Nikkei, Subaru plans to cut production by 10,000 vehicles amid chip shortage
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Oil, precious metals, industrial metals and agricultural commodities trade higher
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GBP and USD are the best performing major currencies while CHF performs the worst. However, ranges on the FX market are very narrow
DE30 launched trading higher after the Easter break. Index reached a fresh all-time high and approached the resistance zone ranging below 15,400 pts (127.2% exterior retracement of 2020 pandemic drop). Source: xStation5