- US stocks opened lower
- EU to propose ban on Russian coal
- US want to increase oil imports from Canada
- Elon Musk will join Twitter (TWTR.US) board of directors
US indices launched today's session lower as the prospect of a new round of sanctions against Russia weighed on market sentiment. EU is mulling a total phaseout of coal imports from Russia following mounting evidence of war crimes committed by its forces in Bucha and other areas from which Russian troops have recently left. EC Pres. von der Leyen also said the EU will work on new sanctions, including restrictions on oil imports. Meanwhile White House wants to increase oil imports from Canada. Investors are also awaiting the Fed meeting minutes Wednesday for further clues on the central bank’s plans to hike interest rates.
US100 rebounded sharply since mid-March however index is struggling to break above major resistance at 15000 pts which coincides with 200 SMA (red line). If buyers manage to push higher, then upward move may accelerate towards next resistance at 15500 pts which is marked with previous price reactions. On the other hand, should sellers regain control, then support at 14375 pts may be at risk. Source: xStation5
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Twitter (TWTR.US) stock jumped 8.0% in premarket following news that Elon Musk will join social media giant board of directors after taking a 9.2% stake in the company. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” Twitter CEO Parag Agrawal said in a tweet.
Twitter (TWTR.US) stock extended yesterday's gains and is currently testing major resistance at $52.55 which coincides with 50.0% Fibonacci retracement of the last downward wave and 200 SMA (red line). Should break higher occur, upward move may accelerate towards $57.70 which is marked with previous price reactions and 61.8% retracement. Source: xStation5
Carnival (CCL.US) stock rose more than 3.5% before the opening bell after the cruise line operator announced the seven-day period from March 28 through April 3 was the busiest week for new cruise bookings in the company’s history. This news helped its competitors Norwegian Cruise Line (NCLH.US) and Royal Caribbean (RCL.US) which shares moved 3% higher.
General Motors (GM.US) stock rose 1.5% in premarket after one of the major U.S. auto producers plans to team up with Honda to develop a series of affordable electric vehicles.
Nio (NIO.US) stock 1.0% in the premarket after Financial Times revealed the China-based electric car maker is speaking with peers about licensing its battery swapping technology.
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