U.S. Equity Markets staged a strong rebound yesterday, led by the 3.48% gain in the NASDAQ, helping the VIX to close below 30 with a fall of 5%. U.S. gross domestic product (“GDP”) fell at a 1.4% annualised rate in the First Quarter, marking its first decline since the beginning of the pandemic. This signals that the output of goods and services in the U.S. was weaker than expected during the period. However, investors largely overlooked the report, as positive earnings and higher bond yields helped to offset concerns. Meanwhile, experts noted that some of the reasons why the GDP declined will likely dissipate later in the year, helping to boost sentiment that the U.S. may avoid a recession. Within the S&P 500, all of the 11 sectors finished higher. European Markets closed higher. European Central Bank President Christine Lagarde indicated the bank could raise interest rates as soon as July but will not tighten policy as quickly as the Federal Reserve. European Commission President Ursula von der Leyen warned companies not to pay for Russian energy supplies in Rubles, saying they would risk breaching sanctions. Italian Consumer Confidence figures for April were in line with expectations as individuals were increasingly optimistic about economic resurgence. French Energy and Environment Minister Barbara Pompili said the country will host a meeting of European Union (“EU”) energy ministers to discuss alternatives to Russian energy supplies. In Asia, China Petrochemical Corporation said oil-product demand is likely to ease by the end of the second quarter, boosting the demand outlook for the second half of the year. Smartphone maker Samsung Electronics reported First-Quarter operating profit that beat expectations, boosted by strength in phone and memory-chip demand. The Bank of Japan left interest rates unchanged, saying it will hold bond-purchase operations daily to keep a lid on rising yields. Japanese Retail Sales figures for March beat expectations, rebounding into expansion territory and suggesting economic activity is recovering. Elsewhere, Oil rose 3.27% on news the EU is looking into alternative energy sources as the bloc discusses a potential ban on Russian supply, while Gold jumped 0.52% after news U.S. First-Quarter GDP contracted.

To mark my 2525th issue of TraderNoble Daily Commentary I am offering a special 2-Year Rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day to demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it lost 500 points yesterday and is now ahead by 972 points for April after closing March with a gain of 5883 points. The Platinum Service made an impressive 5324 points gain in February, after ending January with a gain of 3878 points, more than making up for December’s 932 points loss, having made 2466 points in November, 1028 points in October, 2866 points in September, 1543 points in August, and 996 points in July. The Platinum Service made 1366 points in June, 1439 points in May, 1244 points in April, after ending March with an impressive gain of 3769 points. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification 

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