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Wall Street indices rebound in the second half of the session despite a weaker opening. The US500 gains 0.40% and the US100 0.30%.
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Improved sentiment in risky assets is supported by a weakening dollar and falling US bond yields.The dollar index USDIDX loses 0.25% at the time of publication, confirming a return to a downward trend after a two-day correction. EURUSD gains 0.30% to a level of 1.0779.
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Yields on U.S. bonds also fall sharply today, with 10-year bonds dropping to 4.45%, while 2-year bonds drop to a level of 4.81%.
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European indices reach peak values today. Euro Stoxx 600 rises by 0.2%, breaking through the 517.22 points level at a record moment, thereby reaching the highest value in history.
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The Bank of England left interest rates unchanged, which was in line with market expectations. However, the bank's comments were more dovish, increasing market conviction of potential cuts as early as June.
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The DAX gains nearly 1%, thus continuing the upward trend that began in May. The index has already gained over 4% since the beginning of this month and during today's session, it surpassed this year's highs, setting a new record value at around 18699 points.
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Initial jobless claims in the USA: 231K (expectations 212K, previously 209K). Data came out higher than expected, supporting investors' hopes for faster interest rate cuts.
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Data on the weekly change in US gas inventories caused a sudden move in the commodity price. The gas price increased by 1.7% just after publication, then stabilized at around 2.282 USD/MMBtu, marking the highest price since the end of January this year.
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AppLovin (APP.US) gains over 18% after publishing quarterly results. The first quarter of 2024 for AppLovin was successful, with significant revenue growth, mainly due to advancements in AXON technology.
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Sentiment in international markets also supports a rebound in cryptocurrencies. Despite still weak sentiment, Bitcoin managed to return above the 62000 USD level and gains 1.60%. Similar increases are observed in smaller projects, with the total market capitalization TOTAL 3 (cryptocurrencies excluding BTC and ETH) just surpassing 650 billion USD.
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