Page 4 - Philly Fed News Today

It was a disappointing session on Wall Street, where after a hesitant opening, the indices were soon on their way up, with +0.7% for the Dow Jones, +0.5% for the S&P500 and +0.4% for the Nasdaq...

The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after trending lower over the past several sessions.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Oil and gold jumped on rising geopolitical tensions after Israel struck targets in western Iran as a response to last weekend’s attacks. One of the concerned cities is Isfahan, home to several military bases and facilities, but also to nuclear facilities including the main technology center. Iran said that the nuclear site is safe.

In a session deprived of key data, yields and the USD yesterday faced a correction on recent rise. Markets concluded that, without new data evidence on strong US demand or sticky inflation, enough Fed rate cut delay is discounted. A decline in oil prices (high US stockpiles) also supported core bonds. US yields dropped between 5.5 bps (2-y) and 8.6 bps (5-y). The Fed Beige Book preparing the May Fed meeting reported slight or modest growth in most districts.

The forex markets are rather subdued in today's Asian session, with major currency pairs and crosses largely trading within yesterday's ranges. Australian Dollar strengthened slightly, ignoring significantly weaker-than-anticipated job data. Instead, it's lifted by rebound in Asian stock markets and stabilizing risk sentiment. However, the momentum behind Aussie's rebound appears weak and limited, suggesting it may be merely in consolidation before another selloff.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

It was a very quiet session on the FOREX, despite a busy calendar on the US stats front.he dollar rallied a little on Thursday, on the strength of US figures deemed robust : the $-Index recovered... -April 18, 2024 at 01:34 pm EDT - MarketScreener

The Philadelphia Fed Business index for April 2024

The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to move back to the upside after ending yesterday's volatile session mostly lower.