-
U.S. indices retreated on Friday amid expectations for trade negotiations between China and the U.S. (DJIA: -0.3%, S&P 500: -0.07%, Russell 2000: -0.16%, Nasdaq unchanged).
-
After a weekend of talks in Geneva, neither side announced any concrete decisions. Nevertheless, comments about an "important first step" from China’s PM and "significant progress" from the U.S. Treasury Secretary are fueling early trading optimism. Scott Bessent announced a joint statement on the matter will be released today.
-
Vladimir Putin proposed resuming peace talks with Ukraine without preconditions on May 15 in Istanbul. Volodymyr Zelensky responded that he would personally wait for the Russian president in the Turkish capital.
-
Indices in the Asia-Pacific region are starting the week in the green.Gains were seen in the Chinese HSCEI (+0.8%), Japanese Nikkei 225 (+0.2%), Korean Kospi (+0.7%), and Australian S&P/ASX 200 (+0.15%).
-
India’s blue-chip Nifty 50 index rebounded nearly 3% following the announcement of a ceasefire between India and Pakistan. The peace talks were mediated by the U.S. administration.
-
April CPI inflation in China held steady at -0.1% as forecast. PPI fell more than expected from -2.5% to -2.7% (forecast: -2.6%).
-
Pharmaceutical companies in the Asia-Pacific region are seeing losses after Donald Trump announced he would sign an executive order mandating that drugs in the U.S. be sold at the lowest price offered by any country or supplier. The president estimated drug price reductions of 30–80%, though experts question the feasibility (legal scope) of implementing such a measure.
-
In the forex market: the U.S. dollar is strengthening against "safe haven" currencies like the yen and franc (USDJPY: +0.45%, USDCHF: +0.38%). The euro is under pressure due to optimism in U.S. index futures (EURUSD: -0.22% to 1.1225), and the pound is also retreating (GBPUSD: -0.2%). Antipodean currencies are appreciating (AUDUSD, NZDUSD: +0.25%).
-
Gold is slipping in response to signs of geopolitical stabilization and increased risk appetite (-1.5% to $3,275 per ounce),f ollowed by silver (-1.05% to $38.82 per ounce).
-
Brent and WTI crude oil are gaining 0.6% and 0.65%, respectively, on hopes of a de-escalation in the China-U.S. trade war.
-
Cryptocurrencies are undergoing a correction: Bitcoin is down 0.5% to $103,780, and Ethereum is down 0.6% to $2,495.
Daily Summary: U.S. stock indices are climbing following the PPI data
US OPEN: Wall Street Rallies on Soft PPI Data
BREAKING: US PPI comes in weaker than expected. EURUSD gains ground
JP Morgan earnings: Good, but it could have been better
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
