Update: Green across the board as bond yields drop, equities continue to boom, and Bitcoin bristles along nicely. Jerome Powell is awaited tomorrow, Tesla is awaited this evening so it is steady ahead captain for now.
Sectors: Energy +1.3%, Financial +1.15, Consumer Staples -0.9% and Health -0.3%.
Selected stocks: AMC +9%, CCIV +16%, PLUG +3%, TSLA+1%, BioNTech -3%, Credit Suisse -2%, ETSY -2%.
Here is what you need to know on Monday, April 26:
It is business as usual on Monday. Bitcoin surges from a weekend hangover, currently up 8% at $54,000, and equity markets have set themselves up for another record run. Only the Fed can put the brakes on things, and that seems highly unlikely as Doves dominate. Some profit-taking ahead of the Fed may be inevitable but likely transitory as this bubble is years away from popping.
The dollar continues to suffer as risk is definitely back on at trades near 1.21 against the euro. Oil is lower at $61.37, and Gold is unchanged at $1,776. The VIX has jumped above 18, and the US 10-year yield has increased to 1.6%.
-637550374381953224.png)
Bitcoin 15 minute chart
European markets are positive apart from the Dax, which is flat. Both the FTSE and EuroStoxx are +0.4%.
US futures are flat apart from a -0.3% loss for the Nasdaq.
Stay up to speed with hot stocks' news!
S&P 500 Nasdaq top news
President Biden has suggested June 15/16 for a meeting with Russian President Putin, according to Russian newspaper Kommersant.
Germany implements tough new lockdown measures to counter a surge in COVID-19 infections.
German IFO Expectations Index misses forecast, 99.5 versus 101.2 expected.
EU files a lawsuit against AstraZeneca (AZN) over coronavirus vaccine delivery delays. see more.
US Durable Goods +0.5%, forecast +2.5%.
Tesla (TSLA) to report earnings after the market closes on Monday.
Netflix (NFLX) sweeps seven Oscars in a best-ever performance.
Disney (DIS) won five Oscars, including Best Picture.
Amazon (AMZN) won two Oscars, while Facebook (FB) took its first gong.
Moderna (MRNA): WHO to decide on emergency use authorization for MRNA's COVID-19 vaccine. see more.
JNJ vaccine resumed in the US over the weekend.
Apple (AAPL): announces investment of $430 billion in the US and creates 20,000 jobs.
Philips NV (PHG): posted strong earnings that beat expectations and raised its outlook.
Coinbase (COIN): shares surge in pre-market as Bitcoin bounces back.
Another Turkish Bitcoin exchange collapses after Turkey banned the use of cryptocurrencies for payment.
Ups and downs
ETSY: KeyBanc downgrades.
KeyCorp (KEY): Wedbush upgrades.
Facebook (FB): Credit Suisse raises the price target.
EBAY: Credit Suisse raises price target.
CureVac (CVAC): Guggenheim initiates as a buy.
Honeywell (HON): Morgan Stanley and Credit Suisse raise price target.
Alphabet (GOOGL): Truist raises price target.
Economic data
-637550373131730089.png)
At the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Errors and omissions excepted.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD keeps the red below 0.6400 as Middle East war fears mount
AUD/USD is keeping heavy losses below 0.6400, as risk-aversion persists following the news that Israel retaliated with missile strikes on a site in Iran. Fears of the Israel-Iran strife translating into a wider regional conflict are weighing on the higher-yielding Aussie Dollar.
USD/JPY recovers above 154.00 despite Israel-Iran escalation
USD/JPY is recovering ground above 154.00 after falling hard on confirmation of reports of an Israeli missile strike on Iran, implying that an open conflict is underway and could only spread into a wider Middle East war. Safe-haven Japanese Yen jumped, helped by BoJ Governor Ueda's comments.
Gold price pares gains below $2,400, geopolitical risks lend support
Gold price is paring gains to trade back below $2,400 early Friday, Iran's downplaying of Israel's attack has paused the Gold price rally but the upside remains supported amid mounting fears over a potential wider Middle East regional conflict.
WTI surges to $85.00 amid Israel-Iran tensions
Western Texas Intermediate, the US crude oil benchmark, is trading around $85.00 on Friday. The black gold gains traction on the day amid the escalating tension between Israel and Iran after a US official confirmed that Israeli missiles had hit a site in Iran.
Dogwifhat price pumps 5% ahead of possible Coinbase effect
Dogwifhat price recorded an uptick on Thursday, going as far as to outperform its peers in the meme coins space. Second only to Bonk Inu, WIF token’s show of strength was not just influenced by Bitcoin price reclaiming above $63,000.