📆 Monday, April 29
► Stocks advanced modestly with the Stoxx 600 increasing by 0.3%, led by Royal Philips which jumped 37% after a favorable US lawsuit settlement. The movement reflects a broader optimism as Europe braces for the release of German CPI and Eurozone confidence indicators. Forecasts show German inflation rising slightly. These indicators will help show the region’s economic resilience despite geopolitical uncertainties.
► US markets are buoyed by robust earnings from tech giants Microsoft and Alphabet, which have offset concerns over persistent inflation. S&P 500 futures edged up 0.2%, and 10 year treasury yields dipped to 4.64%. This week, all eyes are on the Federal Reserve's policy meeting, with traders adjusting expectations to predict fewer rate cuts for 2024, reflecting a more hawkish stance from the Fed compared to earlier projections.
Subscribe to see more
