U.S. Equity Markets rose on the first day of a busy earnings week, led by the NASDAQ which ended yesterday’s session with a gain of 0.87% while the Dow closed lower by 0.18%. Markets bounced higher on a quiet day ahead of this week’s busy earnings calendar. Infrastructure was in the news after Senators Joe Manchin and Shelley Moore Capito signalled negotiations over President Joe Biden’s infrastructure plan were making headway, but the $2.3 trillion price tag was too high. This was coupled with comments from Senator Lindsay Graham, who said that Republicans would support up to $900 billion in spending. The big catalysts for the week remain in the days ahead – Big Tech earnings and the Federal Reserve’s policy meeting. This is what investors are watching for a market move in the near term. European Markets again closed lower despite positive news. European Commission President Ursula von der Leyen said the region would accept all travellers who have been inoculated with European Medicines Agency-approved coronavirus vaccines. German Finance Minister Olaf Scholz said the government should be able to lay out plans for a widespread economic reopening by the end of May. Germany’s opposition Green Party overtook Chancellor Angela Merkel’s Christian Democratic Union in an opinion poll ahead of September’s elections. This could spark concerns of political uncertainty in the country. Italian Prime Minister Mario Draghi was said to be ready to present his new $266 billion stimulus plan, which he said would boost the country’s gross domestic product by 3.6%. Meanwhile in Asia, Japan’s ruling Liberal Democratic Party lost three regional elections for Parliament seats ahead of a general election in six months. In a meeting with executives last week, Chinese Vice Minister of Foreign Affairs Xie Feng said Beijing hoped major U.S. companies would press the White House to end trade tariffs. Taiwan’s Industrial Production data for March were stronger than expected, rising versus February, as demand for electronic parts and computers continued to accelerate. Elsewhere, Bitcoin surged 6.26% on reports that JPMorgan Chase was set to launch an active bitcoin fund for clients, while Oil declined 0.35% after OPEC expressed concerns over rising COVID-19 cases in India.
To mark my 2300th 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 email@example.com for details
For anyone following my Platinum Service it made 20 points yesterday and is now ahead by 574 points for April, having ended March with an impressive gain of 3769 points, having made 3286 points in February, 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September and 2383 points in August. 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