Victor Camargo
04-15-2021
This Thursday, the euro started the session upwards, testing the region of 1,199, its pointhighest since March 11th, before reversing gains to be traded in lightdown, below 1.197. Economic consumer price data for Germany andFrance in March showed the greatest growth in a year, while the rate ofItaly’s inflation reached its highest level since May 2019.
The DXY index remained in the region of 91.6, little changed in relation to the sessionprevious year, with better-than-expected retail sales data for the U.S.,while initial claims for unemployment insurance fell to their lowest levelin a year
Rising about 1.8%, gold passed above the region of USD 1750 an ounce, whiledollar remained close to its lowest point in 4 weeks and treasury yieldsbelow the levels reached last month
Both the Dow Jones and the S & P500 renewed record highs today, while thebalance sheet season continues and positive economic data continues to indicate strongeconomic recovery for the US. Nasdaq was also up more than 1%.PepsiCo, UnitedHealth, Citigroup and Bank of America earnings were aboveexpectations, while BlackRock’s were slightly worse than expected.
In Europe, the main indexes closed higher, with the DAX 30 renewing maximumrecord again, supported by the performance of the shares of the mining sector andglobal growth prospects, despite constant concerns about the increase inin cases of coronavirus, restriction measures and slow rate of vaccination in Europe.
US retail sales increased 9.8% in March compared to the previous year.previous month, after a revised drop of 2.7% in the previous month and easily surpassingexpectations of a 5.9% gain. It is the biggest increase since May 2020, asAs more companies reopened, checks for USD 1,400 were sent frommid-March and the improvement in the climate after exceptionally cold temperatures andwinter storms in Texas and some other parts of the southern region in February.Double-digit increases occurred in sporting goods (23.5%), clothing (18.3%),motor vehicles (15.1%), food and beverage services (13.4%),construction (12.1%), gas stations (10.9%), electronics and household appliances (10.5%).Highs were also recorded in retail stores (9%), general stores (9%),non-stores (6%), furniture (5.9%), health and personal care (5.7%) and food and beverages(0.7%).
The number of Americans who applied for unemployment insurance fell 193thousand in the week that ended on April 10 in relation to the previous week, to 576 thousand, thelowest level since the negative effects of the coronavirus crisis began to bein March 2020 and well below the expectations of 700 thousand. The market forThis work has been supported by the fast pace of vaccinations against covid-19, thewithdrawal of business restriction measures in many states and the stimulus package government spending of USD 1.9 trillion, which prompted employers to hire moreworkers to meet the growing demand. On a more negative note, the reportweekly survey also showed that 16.9 million people continued to receive insurance-unemployment in the week of March 27, showing that millions still facedloss of job or income, despite the recent recovery of the labor market.
Source: WinTrade Markets https://wintrademarkets.com/
