Wall Street is eagerly awaiting the US employment report for the month of April, which will provide investors with insights into inflation and the economy. This morning, trading in Europe opened on a positive note, with the DAX index increasing by 0.3%, KAC adding 0.2%, and the Potsi index also rising by a similar rate. The European-wide Eurostoxx 50 index added 0.4%.
In Asia, stock exchanges in China were closed for Workers’ Day, while in Tokyo, the stock exchange was closed for Constitution Day. However, despite these closures, markets in Asia still performed well, with the Hang Seng jumping 1.1% and the Kospi adding 0.1%. Futures trading in contracts on the Nasdaq was also positive in the US, with increases of up to 0.6%.
Last night on Wall Street, gains were seen across different indices as well as company reports that influenced investor decisions. The Nasdaq climbed 1.5%, while the Dow Jones and S&P 500 added about 0.8%. Technology giant Apple reported financial results for the second quarter of 2024 and its shares rose by a significant margin in late trading.
Investors are closely monitoring various markets and indices as they continue to show positive trends and movements. Bitcoin is currently trading around $59,600 as investors withdraw their funds from recently launched hedge funds. The US bond market has stable government bond yields while commodities are showing an uptick in demand; oil prices are rising slightly with Brent at $83.8 per barrel and American oil at around $79
