- Equity markets with contained tours on Thursday.
- Data ahead of the US: GDP in the first quarter and unemployment benefits.
- The dollar loses strength and approaches the lows of the week.
After Wednesday’s rise, futures for wall street They operate between gains and losses, without great changes. In Europe, the main stock markets operate in green. The rebound of dollar runs out of fuel.
Wall Street aims to end negative weekly streak
The Dow Jones rose 0.60% on Wednesday, the S&P 0.95% and the Nasdaq 1.50%. In Thursday’s preview, Dow Jones Futures Up 0.19%, S&P 500 Up 0.11%, Nasdaq Down 0.17%. In Europe, the FTSE 100 advances 0.13% and the CAC 40 0.57%.
In the premarket, among the stocks with the most movement is Twitter which rises almost 4%, before Elon Musk’s announcement to change his plans on how to buy the company. As far as corporate results are concerned, today will be the turn of Alibaba, Baidu, Macy’s, Costco, and Dollar Tree.
On Wednesday the minutes of the last meeting of the Federal Reserve They showed that FOMC members had an urgency to raise interest rates, pointed to 50-point hikes in upcoming meetings, and discussed taking it to levels high enough to slow economic growth.
The Federal Reserve document did not generate noise, since it did not imply a change with respect to current expectations. Without news of impact, the focus may return to economic data.
The economic calendar for Thursday it is more loaded. At 12:30 GMT a new estimate of GDP growth for the first quarter and the weekly report of jobless claims will be published. Then at 14:00 GMT the pending home sales report will be released and at 15:00 GMT the Kansas Fed manufacturing index. An hour later, Lael Brainard will appear before a congressional committee to discuss digital currencies. On Friday it will be the turn of the personal consumption expenditure price index.
The rebound of dollar he ran out of steam and on Thursday he is falling mostly against his main rivals. The DXY yields 0.30% and approaches the weekly low. EUR/USD is back above 1.0700 and GBP/USD above 1.2600. The dollar is also lower against the yen, with USD/JPY at 126.60, pointing to a weekly low.
The Russian ruble falls for the second day in a row after the reduction in the interest rate by the Central Bank of Russia. USD/RUB bounced from a multi-year low to 63.50.
The treasury bond yields are added to the general content tours. The 10-year tranche yields 2.73% and 30-year 2.97%.
The metals They erased the bounce they had in the American session on Wednesday and are back in the area where they closed last Friday. Gold is below $1850 and silver is below $22.00.
The prices of Petroleum up less than 1%, continuing in the familiar range these days. The cryptocurrencies they continue to move in the recent range. BTC/USD fails to hold above $30,000, but at the same time finds support above $28,500.
Technical levels
Source: Fx Street
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