Friday started in decent moods after strong earnings from US tech stocks but ends in an uncontrolled panic, especially in Europe where stocks tank between 2 and 2.5%. Investors are faced with virus uncertainty and the data released today (GDP contraction in France and Italy, Chicago PMI lowest in 4 years) shows that the economy has been struggling even before the virus impact. DE30 sees the worst sell-off since early December and is just a notch above the key support zone of 12900 points. We warned few days ago that a false break-out looked similar to the one from July and this is the scenario that seems to be unfolding now.

⏰US500 nears record highs ahead of Fed
Market wrap: European stocks fall ahead to the Fed decision and BigTech earnings 📉
Morning Wrap: A Flurry of Decisions from the Fed and BoC, Plus Q1 Mag7 Earnings ⚡ (29.04.2026)
Daily summary: Uncertainty grips the market amid earnings season