top of page

Breakfast Bites - Fri Apr 21, 2023

Rise and shine everyone


Happy Friday! Remember today is OpEx.


We have a few major earnings - Proctor & Gamble, Schlumberger, SAP and FCX.


US Futures are weaker this morning along with Bitcoin, Oil and Gold. Yields are weaker as well so bonds have a slightly bid.


Asia and Australia

  • Asian equities finished lower across the region Friday. Losses greatest in China where IT stocks fell sharply; Hong Kong with the worst of it in the afternoon session. South Korea and Taiwan both sharply lower, Japan also down but will still end with a weekly gain, Australia also down Friday.

  • PBoC signals it may start dialing back stimulus measures implemented during the pandemic. This will be something to watch, as China’s consumption has largely been driven by pent-up demand and stimulus.

  • Japan CPI steady as expected, underlying pressures continue to build

Europe, Middle East, Africa

  • European equity markets lower, after closing mostly lower on Thursday. Healthcare and Utilities lead; Basic Resources and Construction/Materials lag.

  • Eurozone PMIs hits 11-month high amid services rebound

  • UK consumer confidence rises to highest level since Ukraine invasion

  • UK retail sales drop after two months of gains

  • Holders of Credit Suisse AT1s who saw $4.5B wiped after UBS takeover have filed a lawsuit against Swiss banking regulator

The Americas

  • Philadelphia Fed's Harker says additional tightening may be needed to ensure policy is restrictive enough

  • Cleveland Fed's Mester sees end of tightening cycle; Atlanta Fed's Bostic says still one and done on rate hikes

  • Banks increase emergency borrowings from Fed for first time in five weeks, indicating lingering financial system stresses

  • Tesla raises US prices for its Model S and X premium electric vehicles after slew of price cuts for other models this year

  • Clorox implementing second round of layoffs, cutting 200 positions

Calendars

(news taken from Reuters, FT, Bloomberg; Calendar from Trading Economics)




Comments


Sign Up and
Stay Updated

Person Analyzing Graphs On Screen

Disclaimer

Information contained in this website should not be construed as investment or trading advice. Opinions expressed herein by Traderade are not investment recommendations and are not meant to be relied upon in investment decisions. The Traderade.com website is not acting in an investment adviser capacity and neither are any authors on this website. Information presented is not an investment research report. Opinions expressed herein may address only select aspects of the companies mentioned and cannot be a substitute for comprehensive investment analysis.
 

Any analysis presented herein is illustrative in nature, limited in scope, based on an incomplete set of information, and has limitations to its accuracy. We recommend that potential and existing investors conduct thorough investment research of their own and consult a qualified investment adviser. The information upon which this material is based was obtained from sources believed to be reliable but has not been independently verified. Therefore we cannot guarantee its accuracy. Any opinions or estimates constitute our best judgment as of the date of publication and are subject to change without notice.
 

The authors may buy or sell shares without any further notice and may have a position in any shares of any of the companies or asset classes mentioned. By using this website you agree with our full Terms of Use and Privacy Policy.

Navigation

Copyright 2025 Traderade. All rights reserved.

  • Twitter
  • Youtube
bottom of page