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US banking reports generally beat the street- S+P 500 futures backs off a bit
The largest of the US Q1 bank earnings reports has just been released from JP Morgan Chase and it has been the best of the bunch so far, beating on revenue and EPS and by some margin too. The S+P 500 index future was already rising into and ahead of the three Bank earnings reports released so far. The might explain why it is backing off a bit now. Also, and as expected here, the dialogue from JPM is as expected and it is not especially upbeat about the coming quarter. So, the S+P 500 is still priced to open higher, just now as high as it was a little earlier today. The index closed last night at 5,268.05. It is currently priced to reopen around 5,300
Market News
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Gold falls sharply below $3,300 at the third time of asking
The noted push lower in Gold earlier this morning did initially seem to stall ahead of $3,300 for a second time, notwithstanding the ever so slight... -
DAX slips after German GDP fails to pass expectations
The latest German GDP report has just this minute hit the screens. The markets were expecting GDP to rise in Q1 by around 0.2%, where it fell by 0.2%... -
German unemployment claims fall- EUR/USD edges higher as GDP report looms
As suspected and conveyed to you earlier, the EUR/USD push towards the 1.14 handle did reach a zenith before and just after the 8am London fix...
