Read this before you start trading today!

  • US indices finished yesterday’s trading mostly higher. Dow Jones dropped 0.18%, S&P 500 gained 0.22% and Nasdaq jumped 0.87%. Russell 2000 added 1.15%

  • Downbeat moods dominate on stock exchanges in Asia today. Nikkei and S&P/ASX 200 drop around 0.3% each, Kospi trades almost 0.4% lower and indices from China decline

  • DAX futures point to a flat opening of the European session

  • Bank of Japan left interest rates unchanged and boosted real GDP forecast for fiscal 2021 to 4% (3.9% prior)

  • Democratic Senator Manchin advises to split Biden’s infrastructure deal into two smaller packages. Such a move could help gather bipartisan support

  • UBS said it has lost $774 million on trades tied to Archegos Capital

  • South Korean GDP increased 1.6% QoQ in Q1 2021 (exp. +1.1% QoQ)

  • Chinese industrial profits increased 92.3% YoY in March. Solid data was driven by higher output, higher prices and low base effect from a year ago (lockdowns in China)

  • Tesla reported slightly lower-than-expected Q1 revenue at $10.39 billion (exp. $10.41 billion) and better-than-expected EPS at $0.93 (exp. $0.80). Tesla had $438 million in Q1 net profit and around $100 million gain is said to be linked Bitcoin trading

  • Precious metals trade mostly higher with palladium being a laggard. Oil and industrial metals advance

  • AUD, CAD and USD are the best performing major currencies while CHF and JPY lag the most