-
Indices on the U.S. stock market rebound slightly at the end of the session. Gains are driven by hopes for the first effects of bilateral talks between partners and the USA.
-
At the time of publication, US500 futures gain 0.80% to 5340 points, US100 gains 0.32% to 18400 points, and US2000 gains 0.95% to 1888 points. Indices in Europe also end the session higher, recording gains of 1.00-2.00%.
-
The USDIDX dollar index gains 0.30% to 99.3000 points. Meanwhile, currencies that recently attracted capital as safe havens—JPY and CHF—are losing value. These are the two weakest currencies today, which may indicate a slight sense of relief in the market.
-
Trump expressed confidence that a trade deal with the EU can be reached and noted that talks are going well. According to the President, the first results of the negotiations may be announced soon.
-
At the White House, Italian Prime Minister Giorgia Meloni expressed confidence that a U.S.-EU agreement can be reached and suggested organizing a meeting with EU leaders in Italy to give the talks more momentum.
-
U.S. Treasury Secretary Bessent revealed in a post on X.com that negotiations with Japan are heading in a very satisfactory direction. If the current trajectory continues, White House officials expect to announce a trade deal with Japan soon.
-
The European Central Bank cuts interest rates by 25bp, in line with expectations. The ECB statement omits mention of restrictive interest rates. According to the ECB, the disinflation process is proceeding as planned.
-
During the press conference, President Lagarde acknowledged that disinflation is progressing, but the economy still faces significant uncertainty and stagnation risk. Lagarde did not hide her dissatisfaction with Trump's current trade policy and emphasized that a zero-for-zero tariffs offer is the most obvious proposal from the EU.
-
The market now expects the ECB to ease policy, with a high probability of a rate cut already in June.
-
A federal judge ruled that Google illegally maintained a monopolistic position in the online advertising market, delivering a second major legal blow to the tech giant in less than a year. Alphabet shares fell as much as 1.8% after the ruling was announced and are currently down 0.80%.
-
Netflix will release its Q1 2025 earnings report today after the session closes. Netflix shares (NFLX.US) are gaining 2.60%. The market expects revenues of USD 10.5 billion vs. USD 9.37 billion a year ago and USD 10.42 billion in Netflix’s forecast. Earnings per share are expected at USD 5.68 vs. USD 5.28 a year ago and USD 5.58 in Netflix’s forecast.
-
Eli Lilly announced results for its experimental weight loss pill named orforglipron, which showed effectiveness comparable to injection therapy in a recent clinical trial. Eli Lilly shares (LLY.US) are gaining 16.50% today.
-
Gold and other precious metals are losing after the recent upward wave. A surge in market uncertainty drew record capital into the gold market, which rose to over USD 3355 per ounce. Today, gold is down 0.70% to USD 3318.
-
Bitcoin is gaining 1.20% to USD 85000, with slightly larger gains seen in Ethereum, now at USD 1610. Unlike the stock market, cryptocurrencies have not experienced such a deep sell-off in recent weeks.
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.
