Morning wrap (20.04.2021)

9:11 am 20 April 2021

  • US indices finished yesterday's trading lower. S&P 500 dropped 0.53%, Nasdaq moved almost 1% lower, Dow Jones dipped 0.36% and Russell 2000 declined 1.36%

  • Moods in Asia are mixed. Nikkei drops 2%, S&P/ASX 200 trades almost 0.7% lower while Kospi gains 0.4% and indices from China traded 0.1-0.5% higher

  • DAX futures point to a slightly higher opening of the European session

  • White House said that bipartisan talks over infrastructure bill were constructive

  • UK Times reported that Russia has deployed over 150 thousand troops near Ukrainian border. United States expressed concern over Russia's attempts to block parts of the Black Sea for foreign vessels

  • According to minutes, the Reserve Bank of Australia does not expect unemployment and inflation targets to be reached until 2024. Bank also vowed not to raise rates until inflation is sustainable in 2-3% target range

  • People's Bank of China left 1- and 5-year rates unchanged at 3.85% and 4.65%, respectively

  • IBM reported Q1 2021 EPS of $1.77 (exp. $1.63) and revenue of $17.73 billion (exp. $17.35 billion). Company's management said that spending environment is improving

  • Bitcoin trades near $55,000 mark

  • Gold, platinum and palladium trade lower while silver gains. Oil, industrial metals and agricultural commodities advance

  • AUD and NZD are the best performing major currencies while USD and JPY lag the most

US dollar index (USDIDX) continues to move lower. Index dropped below the zone near 38.2% retracement yesterday and looks towards a mid-term upward trendline. Source: xStation5

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