Futures on the SP500 are up 1.4% before the start of the New York session after falling 3.0% on Tuesday. Positive dynamics are provided by optimism in connection with a new package of measures to support small and medium-sized businesses and stabilization of the spread of coronavirus. The VIX index is falling, but still above 40. DAX and CAC40 add about 1.0%, FTSE100 is growing by 1.6%.
DXY continues to move around 100.0, crossing this level daily for the fifth trading session. So far today, the Dollar has moderately retreated to a wide list of currencies, except for NOK, TRY. The latter came close to 7.0 due to a new key rate cut, weak current account positions and a rapid increase in the number of COVID-19 cases.
Gold boosted growth following the positive dynamics of stock indices, unfolding.
Brent started the day with a fall to $ 19.4 (min since 2002), but received support, bouncing up to $ 24.
Tomorrow, market attention will turn to preliminary PMI estimates of major economies in Asia, Europe and the US. This index has a reputation as a reliable economic barometer and can influence market sentiment.
Important events for April 23, GMT (Exp.):
00:30Jp!Preliminary Composite PMI (Apr, 36.2)
07:30Ge!!!Preliminary Composite PMI (Apr, 28.8)
08:00EA!!Preliminary Composite PMI (Apr, 25.9)
08:30UK!!Preliminary Composite PMI (Apr, 31.0)
12:30US!!!Initial Jobless Claims (12-18.04, 4.5M)
14:00US!!New Home Sales (Mar, -16.0%)