- Wall Street indices traded higher during the first session of a new week. S&P 500 gains 0.7%, Dow Jones adds 0.3%, Nasdaq jumps 0.8% and small-cap Russell 2000 rallies 1.3%
- This follows an upbeat European session during which German DAX gained almost 1%, UK FTSE 100 and French CAC40 added 0.5% and Polish WIG20 rallied over 3%
- Oil moved lower after Al Jazeera reported that Hamas accepted Qatari and Egyptian ceasefire proposal. However, Israeli officials later said that Qatari ceasefire proposal differs from Israeli proposal and that Israel needs to study it before responding
- Israel threatens that no agreement to hostage release demands will result in launch of ground operation in Rafah, Hamas last stronghold in Gaza and also the place where hundreds of thousands refugees shelter
- Bitcoin climbed over the weekend and extended the move into Monday's trading. However, coin sharply pulled back after testing $65,000 area, and is now trading near $63,000 mark
- Fed Williams said he sees jobs growth moderating and that higher-than-expected inlation readings are worrisome
- Fed Barkin said that inflation data has been disappointing this year and the job is not done yet. However, he said that he is confident current restrictive levels will bring inflatoin to the target
- ECB Vujcic said that rates will be lowered gradually over time and that incoming data has been consistent with projections. He expects loosening of policy stance but to still stay in restrictive territory
- ECB Simkus said that rate cuts should not be limited to June unless we see data surprises. He expects other rate cuts beyond June and 3 cuts total this year
- Spanish services PMI index for April improved from 56.1 to 56.2 (exp. 55.9)
- French services PMI index for April moved from 48.3 to 51.3 (exp. 50.5)
- German services PMI index for April moved from 50.1 to 53.2 (exp. 53.3)
- Euro area services PMI improved from 51.5 to 53.3 (exp. 52.9)
Bitcoin pulls back after failed test of $65,000 area. Source: xStation5
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