Wall Street closed yesterday in positive thanks to the signals of a distension in the commercial war (Nasdaq 100: +2.5%, S&P 500: +1.7%, Djia: +1.1%, Russell 2000: +1.5%).
The advances slowed towards the end of the session, since the enthusiasm was slowed by the comments of the Republican Administration. The Secretary of the Treasury, S. Besent, declared that “preparing a complete commercial agreement with China could take 2 to 3 years“.
According to Donald Trump, USA At the same time, the president announced on social networks that he is “working in an agreement with Canada.”
IBM sales (IBM.us) in the first quarter increased 1% year -on -year to 14.5 billion dollars, exceeding estimates. The company maintained its forecasts for the whole year (5% income growth), but the shares fell almost 7% in the out -of time operations due to concern for tariffs and federal expenses.
In the currency market, the main increases were Yen JapanéS (USDJPY: -0.48%), the Swiss Franco (USDCHF: -0.3%) and the euro (Eurusd: +0.25%to 1,1343). The Canadian dollar was also strengthened despite the indications of an increase in car tariffs (USDCAD: -0.1%). The Australian dollar is the only G10 currency that loses against the dollar (Audusd: -0.1%).
Gold quickly recovers from two days of losses (+1.1%, up to $ 3,325 per ounce), while silver drops 0.4%, to $ 33.44 per ounce.
Brent and WTI oil remain stagnant After yesterday’s fall, with a symbolic gain of 0.15%. Natural gas (Natgas) has dropped almost 1%.
The main cryptocurrencies are experiencing a correction: Bitcoin has dropped 1.05%, to 99,696 dollars, and Ethereum has dropped 1.4%, to $ 1,770. Trump tokens futures (-16%), Chainlink (-3%), Dogecoin (-2.5%), Solana (-1.6%) and Ripple (-1.5%) are also losing ground.
The key data to be taken into account today include the IFO index of Germany, the orders for lasting goods of the United States and the applications for unemployment subsidy in the US.
Asia-Pacific news
The diverse communication of the White House on tariffs is ballasting confidence in the Asia-Pacific region. The highest loser is the Chinese HSCEI (-1.3%), followed by Shanghai composite (-0.1%) and the Kospi of South Korea (-0.15%). On the other hand, the Nikkei 225 of Japan (+0.47%) and the S&P/ASX 200 of Australia (+0.75%) are positive.
The profits in Tokyo are backed by Besent’s comment yesterday that the exchange rate of YIn is not part of commercial negotiations with Japan. In previous years, Trump criticized the “competitive advantage” of Japan due to Yen’s weakness during the negative interest rates.
Automobile manufacturers (Toyota: +3.2%) and Nintendo ( +5.15%) record the highest profits, after Nintendo received a record of 2.2 million shares in the lottery in Japan for the opportunity to buy the next Switch 2 console.
Japan’s IPP fell to 3.1% in March (prognosis: 3%, previous: 3.2% reviewed from 3%).
Consumer confidence in New Zealand increased 5.5% year -on -year in April (previously: -3.5% year -on -year).
The content presented in the training section only has informative, educational and support purposes to use the platform. The material presented, including the analysis, prices, opinions or other content, is not an investment or information recommendation that is recommended or suggested by an investment strategy or is included in the field of investment advice collected in Law 6/2023 of the Securities and Investment Services markets (article 125.1 g). This video has been prepared without taking into account the needs of the client or their individual financial situation.
XTB will not accept responsibility for any type of losses or damage, including, among others, any unemployed profit, which may arise directly or indirectly from the use or dependence of the information included in this video. XTB SA is not responsible for client’s actions or omissions, especially for the acquisition or disposition of financial instruments, made based on the information contained in this video.
The past yield is not necessarily indicative of future results and any person acting on this information does so at their own risk.
Copyright © XTB SA All rights reserved. It is prohibited to copy, modify and distribute this video without the express consent of XTB SA
