Global stocks were off record highs ahead of earnings season - Monday Review, April 12

Global stocks were off record highs ahead of earnings season - Monday Review, April 12

Investors were cautious ahead of earnings season

The US

As investors were looking forward to the earnings season to start, Wall Street closed lower. USA30 fell 0.16%, and USA500 lost 0.02%. TECH100 was down 0.36%.

Crude oil went up 0.9% to $59.86 per barrel.

Gold fell 0.3% to $1,739.20 per ounce.

Asia and Australia

HongKong45 slid 1.48% as investors await various economic data, such as trade data, trade balance, the first-quarter GDP, and many more.

Japan225 was down 0.55%.

Down under, Australia200 traded 0.40% lower as rates on the 10-year debt jumped past 1.8%.

Europe

Stocks edged lower after record highs as they were awaiting the start of the US earnings season, as well as the comments from the Fed and ECB. Germany30 and France40 each lost 0.1%. UK100 fell 0.6% even though shops, pubs, gyms, and hairdressers re-opened after three months of lockdown.

Brent oil rose 1% to $63.61 per barrel.

EUR/USD treaded at 1.1874 after it lost 0.2%.

Sources: reuters.com, investing.com

This information prepared by za.capex.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.