European indices steady FTSE +0.39%, DAX +0.22%, Eurostoxx +0.43%
US Stock Futures Dow +0.33% S&P +0.16% Nasdaq +0.18%
Biden's stimulus plan, reports of larger than expected $2 trillion stimulus help markets.
US jobless claims 965k more than 784k forecast.
US Import prices are slightly higher.
Tesla asked to recall 158k vehicles.
ECB not unanimous on the latest stimulus plan, some dissent.
Delta first loss in 11 years.
US stock market on Wednesday, sector by sector
Utilities +1.95%
Real Estate +1.37%
Technology +0.64%
Energy -0.78%
Industrials -0.86%
Basic Materials -1%
Earnings
Pre-market
Taiwan Semi-Conductor (TSM) better than expected Q4 and Q1 guidance better.
Aphria (APHA) Q2 EPS and sales increased year-over-year (YoY).
First Republic Bank (FRC) Q4 EPS and sales were better than expected.
Delta Air Lines (DAL) small miss on EPS but guidance satisfies investors.
BlackRock Inc (BLK) EPS up 22% YoY, no guidance.
After Market
Progress Software (PRGS)
Pre-market movers
Express (EXPR) +50% company announced $140m in additional financing.
DPW Holdings (DPW) +47% accepting pre-orders on Amazon for electric vehicle charger.
Organogenisis (ORGO) +36% phase 3 patient enrolment for osteoarthritis
ZW Data Action tech (CNET) +37% selected for merchant advertising by 360 Security Technology.
NandKwest Inc (NK) +35% positive interim data on pancreatic cancer trials.
Viveve Medical (VIVE) -24% upsized funding to $24m.
Volt Information Sciences (VOLT) -17% big uptick yesterday on results.
Northern Dynasty Minerals (NAK) -12% class-action lawsuit filed.
Color Star Technology (CSCW) -11% big uptick yesterday.
Stock of the day
Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector
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AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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