Calm before the data. | MarketTalk: What’s up today? | Swissquote

Show notes

European and American stocks kicked off the week with a pause; the Stoxx 600, the S&P500 and Nasdaq 100 all retreated from an ATH level on Monday. MAMAA stocks were down around 1%, Amazon – which had it first day at Dow Jones Industrial index fell 0.15% whereas Nvidia managed to eke out a small gain.
It feels like there is a moment of calm and silence in the aftermath of major tech earnings, investors will decide whether this rally deserves to continue higher straight away. The week brings some important economic data on the table. US GDP data is due Wednesday, inflation on Thursday. And before that, today, we will have an insight on the durable goods orders, house prices and the Richmond Fed manufacturing index. Strong growth, combined to soft inflation should fuel the goldilocks trade, but there are concerns regarding an uptick in inflation.
And speaking of inflation, inflation in Japan fell to a 22-month low. The Bank of Japan (BoJ) is in no rush to hike the rates this April. The USDJPY is getting comfortably near the 150 level, as the Nikkei 225 consolidates near ATH levels.
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