Wall street hit its lowest level of volatility since before the financial crisis on Monday. Global stocks are headed for fresh highs this morning, supported by strong corporate earnings.
Equities are being supported by the well-received corporate earnings we’ve seen over the past few weeks. Leading the gains are technical companies – Google (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB) – as investors hope that these firms can continue to expand to support profit growth.
- CAC 40 is up 0.4%, at €5232
- DAX 30 is up 0.02%, at €12455
- FTSE MIB is up 0.19%, at €20320
- FTSE 100 is up 0.44%, at €7178
- S&P 500 is down 0.08%, at $2385
- DJ 30 is down 0.06%, at $20858
- Nasdaq 100 is up 0.03%, at $5633
Currency Cove
The euro has inched upwards against the dollar, at 1.09, that’s a 0.16% increase.
The Japanese yen is the weakest of all major currencies this morning, down about 0.2% against the dollar, thanks to the low levels of perceived risk.
The Aussie dollar is 0.2% firmer against the US dollar after the central bank left interest rates unchanged and giving hawkish commentary after the decision.
Commodity Corner
Crude oil is struggling at $49.04 as investors remain unconvinced at OPEC’s efforts.
Gold is edging downwards as perceived market risk wanes. The precious metal is at $1255.07.
Market Watchlist
Apple (NASDAQ:AAPL) is due to report its earnings after Wall Street’s closing bell today. Investors eagerly await the release to see if the phone maker’s reports can push US equities to new highs.
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