Markets Week Ahead: Dow Jones, S&P 500, Bonds, Gold, NZD, RBNZ, Bank Earnings 2021-04-12 14:00:00 Daniel Dubrovsky, Strategist
The first full trading week of April saw market sentiment extend what has been the dominant exuberance since last year’s Covid-induced low in financial markets. On Wall Street, the Dow Jones and S&P 500 added onto gains, pushing deeper into record highs. This time around however tech stocks outperformed their value-oriented counterparts as the Nasdaq Composite soared.
European equities were also in the spotlight, particularly as the UK’s FTSE 100 outperformed most of its regional, North American and Asia-Pacific counterparts. Stock investors found some relief in falling longer-term Treasury yields, both in the United States and externally. Still-dovish commentary from the Federal Reserve cooled 2022 rate hike bets.
US Dollar Outlook: Bond Yields, Powell and CPI in Focus USD/SGD Eyeing MAS, Chinese GDP
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Market watch: UK GDP, US retail sales, Eurozone inflation, China trade data
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