- Dax hits new record high
- S&P 500 tops 4,000
- US Manufacturing surges most since 1983
European indices finished today's session higher after upbeat Markit PMI data showed manufacturing activity in the Eurozone rose sharply in March. French manufacturing growth was revised higher while Germany factory growth was confirmed at a record high. On the coronavirus front, France will enter its third national lockdown with schools closed for at least 3 weeks. Meanwhile some German states will not carry out new vaccinations during the Easter due to supply and logistics issues. DAX rose 0.6% and reached a fresh record high at 15,101pts. CAC40 gained 0.6% and FTSE 100 finished 0.4% higher.
US indices are trading higher, with S&P 500 at new records highs. The Nasdaq jumped more than 1.5%, while the Dow Jones rose 0.50% following the rollout of President Joe Biden’s infrastructure plan and upbeat ISM manufacturing reading which completely overshadowed the unexpected rise of weekly jobless claims. Meanwhile Microsoft (MSFT.US) stock advanced 2.5% on news that the US Army ordered more than 120,000 devices based on its HoloLens augmented reality headset. The contract is worth $21.9 billion over 10 years.
WTI crude erased early losses and jumped nearly 4.0 % to $61.50 a barrel, while Brent is trading 3.50% higher, slightly below $65.00 following reports that OPEC+ had reached a deal to gradually ease production cuts from May. Elsewhere gold rose more than 1.2% to $ 1,727.00 / oz, while silver is trading 2.0 % higher near $ 24.90 / oz as both the US dollar and Treasury yields retreated slightly.
US30 (blue-chip DowJones contract) followed S&P 500 footsteps and is approaching its record high at 33140 pts. Source: xStation5
AbbVie near 1-month low after earnings report 📉
CHN.cash under pressure despite positive Trump remarks 🚩
Wall Street optimism tempers amid falling odds of December Fed rate cut
DE40: Decline of sentiment in Europe
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
