WEDNESDAY, APRIL 22nd Market Review

On Wednesday, equity markets recovered from Tuesday’s sell-off but have yet to regain their recent peaks. The reopening of plays on the eve of the peak earnings season fueled the turnaround. The first-quarter earnings season begins today, and the action will be intense for the next two weeks. The danger for the market is that average earnings growth would be weaker than the consensus estimate, leading to a market correction. Intel, Mattel, and Old Dominion Freight Lines are among the companies with earnings results to watch.

Despite increasing signs of rising inflation from S & P 500 companies, the economic outlook remains optimistic. Today’s calendar contains main reports on unemployment, housing, and the index of leading indicators, all of which can shift the sector. On Friday, investors will be looking for Markit’s flash PMI readings and any insights they can provide into the global economy. If the S & P 500 can reach a new high this week, it will continue to rise well into the summer.

Comparing CFD Brokers and Finding the Right One

cfd brokers

Compare CFD Brokers. There are several kinds of CFD brokers, all of which offer services designed to suit the specific financial needs of individual investors. Etrade, EToro, Avatrade, Interactive Brokers(IB), and Plus500, Read Review are among the most popular.

How to Compare CFD Broker Firms?

Most CFD brokers provide their clients with trading platforms and software to execute orders through an Internet-connected computer. The platforms allow traders to enter sell and buy orders and enter stop-loss orders. Trading CFDs enables you to trade both ‘long’ and ‘short’ based on your trend forecast. St sophisticated platforms also provide their clients with spreads, commission-free trades on each investor’s account.

Its ability to offer potential investors high levels of leverage fuels the popularity of CFD trading. Leverage enables a small amount of capital, usually less than $10,000, to control an extensive amount of currency. This is done by borrowing a certain percentage of the total value of a position, writing checks against it in the same currency, and selling it back when the position falls to a pre-determined level. However, while this provides potentially significant profits, it is also a potentially severe form of leverage because it exposes traders to risks beyond their direct control, such as adverse changes in market conditions, changes in exchange rates, and other unexpected events.

FRIDAY, APRIL 16th Markets overview

The earnings-driven rally continued on Thursday following better-than-expected results from Pepsico and UnitedHealth. The shares of UnitedHealth topped the consensus estimates for Q1 revenue and earnings and ended the session with gains near 4.0%.

On the employment side, the weekly jobless claims data showed the lowest level since March 2020 and indicated an accelerated improvement in labour market conditions.

Consumer spending rose nearly 10% from the previous month due to a combination of government stimuli and strengthening labor market conditions.

WEDNESDAY, APRIL 14th Markets Overview

As traders brace for the Q1 earnings onslaught, US stock markets were relatively quiet again on Tuesday. Markets are being led higher by the analyst’s sentiment and rising expectations for Q1 results. As a result of its increase of 0.6%, the S&P 500 reached a new all-time high. There is a risk that the extremely high valuation of the S&P 500 could lead to a sell-the-news response to earnings for Q1 2014.

Today’s trading could take an entirely different tone. Several big banks will be reporting earnings this week, including J.P. Morgan, Goldman Sachs, and Wells Fargo. The Beige Book will also be watched closely by the market for any signs of inflation rising, and there are sure to be some.
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A new high record for the S&P 500; Nasdaq rallies; Dow declines.

A new high record for the S&P 500; Nasdaq rallies; Dow declines.
Dow Jones and broader U.S. stock markets ended mostly higher Tuesday, with the S&P500 Index rising to record levels.

The Dow Jones Industrial Average (DIA) fell 65.96 points at the close to 33,679.44, as the major indices on Wall Street fell mixed at the close.

Several of the 11 primary sectors rallied, with consumer discretionary companies and utilities posting at least a 0.9% gain. Sectors including information technology, consumer goods, and telecommunications all posted gains.

While the Nasdaq Composite Index rose 1.1% to settle at 13,996.10, it is focused on technology.

VXX, the CBOE’s measure of implied volatility, emerged slightly higher on Monday. An intraday low of 16.43 was reached on the scale of 1-100, with 20 representing the historical mean. Ultimately, it closed down 1.7% at 16.63.

In commodities, oil prices rose on Tuesday, with U.S. West Texas Intermediate futures gaining 71 cents, or 1.2%, to $60.41 a barrel on the New York Mercantile Exchange. Brent, the international futures contract, rose 63 cents or 1% to $63.91 a barrel.

Gold prices rallied on Tuesday, as the June contract gained $12.80, or 0.7%, to $1,744.62 a troy ounce on the Comex division of the New York Mercantile Exchange. Silver futures rose 53 cents, or 2.1%, to $25.40 a troy ounce.

Ending Point: U.S. equity markets are rallying on unprecedented fiscal and monetary support. Expectations for a broad economic rebound are also supporting equity valuations.

Grab uncovering $40 bln agreement in record SPAC consolidation

South-East Asia’s largest ride-hailing and food delivery firm Grab Holdings, declared it intends to merge with US-based Altimeter Growth Capital in a venture that would appraise it at nearly 40 billion dollars in anticipation of an IPO in the US.

Grab’s contract to list via a special purpose acquisition company (SPAC) – a shell company intending to raise capital by an IPO to procure another company – has attracted four billion dollars (£2.9 billion) in private investment in public assets from an association of investors including Fidelity International and Singapore’s Temasek Holdings.

Southeast Asia’s largest Grab Holdings is set to declare this week a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing.

S&P 500 index restrained after solid inflation data

US government debt prices decline ahead of fundamental inflation data release.
The S&P 500 opened steady on Tuesday as data presented consumer prices raised by the most in more than 8-1/2 years in March, while Johnson & Johnson dropped as the Second coronavirus vaccine rollout of Johnson & Johnson jab paused over blood clots concern.

The S&P 500 opened higher by 2.11 points, or 0.05%, at 4,130.10, while the Nasdaq Composite achieved 52.45 points, or 0.38%, to 13,902.45 the opening bell.

The Dow Jones Industrial Average dropped 24.24 points, or 0.07%, at the open to 33,721.16.

SATURDAY, APRIL 3rd Markets Review

SATURDAY, APRIL 3rd

Stocks move higher again on Thursday, backed by President Biden’s $2 trillion infrastructure spending plan. However, the plan has already received harsh criticism from both sides of the Washington fence, making its passage unlikely. Despite the S&P 500 rising more than 1.0% at its highest point of the day, the real action came in tech. The tech-heavy NASDAQ Composite, which has been lagging the market in recent months, advanced more than 1.5% to set a new three-week high.

Investors will take a look at the economic data next week since the National Employment Statistics report is expected to show US economy has created 700,000 new jobs in March. Subsequent week earnings will come back in focus with the first reports of the Q1 season. The analysts have been raising their targets, so expectations are high.

THURSDAY, APRIL 1st

Following the release of President Biden’s infrastructure spending plan, the equity markets extended recent gains and reached new all-time highs on Wednesday. A bill worth upwards of $2 trillion includes a tax increase that Wall Street expected to fund the plan within 15 years despite the idea of higher taxes. Despite the higher taxes, the news could turn into a news event that is easy to sell.

Other news includes solid economic data, which points toward a robust Nonfarm Payrolls report on Friday. ADP’s Employment report released on Wednesday shows that the number of new jobs increased by over 500,000 in March and was matched by a similar reading on Chicago PMI, which rose 7 points to surpass consensus estimates by 6 points and surge to its highest level since 2017.