stock Markets rose slightly, with sentiment stabilizing somewhat after a weaker close on Wall Street. Bank concerns persist, and gains have been modest. EGB returns rise in early tradingwith a poor performance in the short end. Bonds rose Yesterday, though ECB rate hikehe Lagarde’s insistence It wasn’t the last. Markets are speculating on a quick rate reversal in the US and wondering how long ECB policy could deviate from Fed expectations, but with Treasury returns As it rose this morning, the rally in bonds has stalled for the time being. German Manufacturing orders fell 10.7%. Chinese Factory activity contracted unexpectedly in April.
Markets are still digesting several drivers ahead of today’s NFP report, particularly the policy stances of the FOMC and ECB, along with deepening tensions over the regional banking system.
- FX – USD It is within yesterday’s trading range, currently at 100.94, Where data on productivity, labor costs, and claims suggest that the Fed may not be done. yen settled in 134.00. EURGBP Dive this morning to 0.8740while cable break it 1.2600 high.
- Stores – the 500 USD was off -0.72%And the United States 30 was down -0.86% And US 100 slid –0.46%. apple It found strength in India where overall sales declined for the second consecutive quarter. #APPLE + 2.49%. #Western Alliance -38.45% + 9.62% after the close. # First Horizon -33.16% and +4.47% after working hours. Shares of First Horizon sank after the cancellation of its $13.4 billion merger with TD Bank in Toronto. The Western Alliance ended the day down 38% after denying a report that it was exploring strategic options, including a possible sale. ASX And Nikki It managed gains of 0.4% and 0.1%, respectively. Hang Seng It is currently up 0.5%.
- Goods – USOil rose to $69.37 With the end of the week. This week it is down 10% and UKOIL shares are down 8.1%.
- gold – Holds gains above 2040 USD, As the latest news about PacWest and Western Alliance and the decrease in Chinese and German factory demands prompted investors to turn to the yellow metal.
The largest forex engine @ (06:30 GMT) GBPCHF (+0.55%) breaks the 50-day simple moving average. Align moving averages up. MACD histogram and signal line are configured positivelyStochastic is rising and the RSI is at 78. ATR (H1) is at 0.00128ATR (D) at 0.00702.
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Andrea Pechedy
Market analyst
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