- Stock price rises in Europe, points to negative opening on Wall Street.
- US data: retail sales and jobless claims rise.
- ECB maintains monetary policy, does not tighten message.
The Wall Street futures point to a moderately losing open on Wall Street. After rising 1.12% on Wednesday, the S&P 500 falls 0.25% in the previous. The main European markets rise on average 0.50%.
The market remains attentive to the start of the corporate earnings season. They are reporting banks on Thursday. Twitter is still a novelty and rises sharply in the run-up to Elon Musk’s announcement of offering to buy the company.
In the US, there was a rise in initial requests for unemployment benefits, which in any case remain at low levels according to historical comparisons. Retail sales in March rose 0.5%, and February’s data was also revised higher. The data had no impact on the market.
Treasury yields are rising modestly. The 10-year rate stands at 2.72% and the 30-year rate at 2.82%. Oil falls while metals correct the recent rise downwards.
Among currencies, the euro is under pressure after the European Central Bank meeting. The ECB reiterated the message of the last meeting, which was taken as something “dovish” by the market. The dollar is appreciating on all fronts, even against emerging currencies.
Technical levels
Source: Fx Street
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