A positive start for markets after the Easter break

Tuesday, April 22, 2014

In the US, the Dow Jones index edged higher on Monday in thin trading conditions, ending 40.71 points higher (+0.25%), while the S&P 500 and Nasdaq have also extended gains by 0.38% and 0.64%, respectively.

European equity markets have climbed higher in early trade on Tuesday, supported by gains in the US equity markets and a rally in pharmaceutical sector after rumours of a possible M&A deal between Pfizer and AstraZeneca. The euro has extended gains against the US dollar, trading above 1.38.

The US dollar edged higher to reach a fresh two-week high against the yen, while the USD index retested the 80.0 area following a subdued trading session overnight as many global financial centres were closed for the Easter long-weekend. The sterling continues its strong upside momentum, trading above 1.68 against the US dollar.

USD Index 

DXY Curncy (DOLLAR INDEX SPOT)   2014-04-22 09-02-27


USDJPY Curncy (USD-JPY X-RATE)   2014-04-22 09-02-45

Brent front month futures held near a six-week high, trading around $110 per barrel amid concerns regarding the crisis in Ukraine, although expectations of another large build in US crude stockpiles weighed slightly on prices. The WTI front month contract has been consolidating around $104 per barrel.

Gold has extended losses into a fourth consecutive trading session, retreating toward its lowest level in 2 1/2 weeks, amid concerns over further outflows from bullion-backed funds and stronger equities.



Events for today: 





Monthly Home Prices




Consumer Confidence




Existing Homes Sales




Richmond Fed


All times UK Local Time



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