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Market Update: Equity Trade Subdued Amid Regional Closures and Anticipation of Major Earnings Reports
Today's important market events:
[USD] Building Permits - 15:30 CEST
[USD] CB Consumer Confidence (Apr) - 16:00 CEST
[USD] New Home Sales - 16:00 CEST
The Asia-Pacific (APAC) region experienced predominantly negative performance in the stock market, following mixed results in the United States. The subdued mood in the region may have been further exacerbated by the closures of the markets in Australia and New Zealand.
BoJ Governor Ueda has stated that the Bank of Japan deems it appropriate to maintain the Yield Curve Control (YCC) and easy monetary policy. Nikkei 225 gains on softer Services PPI data and optimistic imports report; KOSPI wavers with mixed GDP data, while Hang Seng and Shanghai Comp weaken as tech underperforms.
Euro Stoxx 50 futures have indicated a softer open, down by 0.3% following a 0.2% decline in the cash market yesterday.
US and European equity futures cautious. In the foreign exchange (FX) markets, there appears to be an overall containment, with the EUR/USD holding steady at 1.10, Cable falling back below 1.25, and the AUD lagging. Conclusion, FX markets are rangebound, with DXY and EUR/USD holding steady.
Commodities choppy with crude futures and copper futures remaining subdued, while spot gold slightly gains.
Today's notable events include the release of US New Home Sales data, a speech by BoE's Broadbent, supply reports from Germany and the US, and earnings reports from ASM, Santander, UBS, Novartis, Nestle, Alphabet, McDonald's, Microsoft, Verizon, and Visa.
General news - Information source from multiple newswires.
The article and the data is for general information use only, not advice!
The Trade Academy Team
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