The most important events of the trading day
Tops & flops on the stock exchanges
Shares, indices & commodities of the day
European markets saw indices rise on Tuesday. The DAX gained more than 0.37%, and the French CAC40 gained almost 0.9%.
The mood on Wall Street is rather optimistic, although the major indices are moving sideways. Investors are waiting for tomorrow’s CPI (Consumer Price Index) inflation report from the US, which is likely to be the last key macroeconomic indicator ahead of the FOMC meeting in early May.
The eruption of Bitcoin above the psychological $30,000 mark sparked a powerful rally in shares of listed companies that have significant exposure to the digital asset market. company like Riot Blockchain (RIOT.US), Silvergate Capital (SI.US) and Coinbase (COIN.US) are trading between 7% and 14% higher.
The Swiss Franc and the Euro are the best performers in the FX market right now. The New Zealand dollar and the Japanese yen are under pressure.
China’s inflation rate was below analysts’ consensus. Year-on-year, the growth rate of goods and services prices was 0.7%, while the consensus was 1%.
The beginning of the new week brings with it a spike in sugar prices. SUGAR is up 2% today breaking through $24.06 per pound, the 2016 high. That briefly put the price at its highest level since April 2012, an 11-year high. The strong upward momentum that started in late March is being driven by positive fundamentals for the price.
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US natural gas prices (NATGAS) are up more than 2.5% today. Since Thursday’s low, NATGAS is already up more than 10%. A fresh set of weather forecasts for the US can be cited as the reason behind the improvement in natural gas sentiment this week.
Grade Crude Oil STI is currently up more than 2% on the back of recently announced OPEC+ production cuts and relatively good sentiment among listed energy companies.
Holding in the face of the specter of economic uncertainty gold and Silverwhich are trading up 0.7% and 1% respectively today, maintained their historical upward momentum.
Bitcoin is attracting the most attention in the crypto market today as the cryptocurrency tests the psychological $30,000 mark and trades at its highest levels since early June 2022.
The Cryptocurrency Solana gains 12% today thanks to the scheduled Thursday launch of the Saga phone, an Android phone built on Solana’s blockchain.
Sources: xStation5 by XTB
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