On Monday, American indices remained at about the same level, but optimism for the further continuation of the uptrend remains. With high probability, investors will buy the S&P 500 with the expectation of the release of positive statistics on the US GDP on Thursday. The analysts forecast for GDP is 6.6% (previous 4.3%).
European indices remain positive as well, as global markets started the week in relatively upbeat sentiment after new signs of a fast economic recovery emerged last week. The DAX index rose by +0.11%, while the British FTSE 100 showed a +0.35% gain.
Oil rapidly rebounded on Monday, but investors remained concerned about fuel demand recovery as the number of COVID-19 cases in India continues to increase, and India is the world’s third-largest oil importer.
The following companies: AMD, UPS, Alphabet, VISA, BP, Pinterest, Enphaser, Texas Instruments and Microsoft are also reporting today for Q1 2021.
Main market quotes:
- S&P 500 (F) 4,187.62 +7.45 (+0.18%)
- Dow Jones 33,981.57 -61.92 (-0.18%)
- DAX 15,296.34 +16.72 (+0.11%)
- FTSE 100 6,963.12 +24.56 (+0.35%)
- USD Index 90.89 +0.09 (+0.09%)
Important events:
- BoJ Interest Rate Decision at 05:00 (GMT+3);
- BoJ Monetary Policy Statement at 05:00 (GMT+3);
- BoJ Press Conference at 08:00 (GMT+3);
- Consumer Confidence Index at 17:00 (GMT+3);
- BoC’s Governor Macklem Speech at 23:00 (GMT+3).
