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Market Overview

Global equities are mostly rising currently after SP500 and Dow updated historic highs Thursday after strong US economic data. Apple shares gained 1.38% as Jeff Bezos said 'we need to do a better job for our employees', Facebook added 1.65% on Thursday while child safety groups asked Facebook to scrap plans for Instagram for kids.

Equities markets are mixed currently after SP 500 pulled backed on Wednesday following earnings reports from leading banks. Apple shares fell 1.79% while the IT giant set the date for its next online-only event for April 20 with Apple expected to upgrade the screens of its iPads with a Pro-inspired design, Tesla stocks lost 3.95% Wednesday underperforming market.

A powerful rise in US inflation US in March increased investor interest in today's speech by Fed Chair Jerome Powell. Investors expect him to comment on the situation in some way. Refinitiv predicts a 25% increase in total profits for S&P 500 companies in Q1 2021 compared to Q1 2020. At the same time, the growth of the S&P 500 index itself over the past 12 months was much higher and amounted to 50%. Quarterly reporting can affect the dynamics of stock markets.

Equities are mixed currently in cautious trading ahead of key US inflation report later today. Wall Street pulled back on Monday after indexes closed at record highs on Friday. Tesla shares rose 3.7% Monday after Canaccord Genuity upgraded the EV maker's shares to "buy" saying the company could become "the brand" in energy storage, Apple stocks closed down 1.99% amid reports the company faced supply shortage of upcoming high-end iPad displays.

Global stocks are mixed currently after SP500 and Dow recorded fresh records following a stronger than expected US producer prices report for March on Friday .Tesla shares lost 0.99%, Amazon rose 2.21% as workers at the Alabama warehouse voted against the effort to unionize while the union said it would challenge the results.

Equity markets are mixed currently after SP500 ended at fresh record Thursday as Fed Chair Powell reiterated that inflation was not a worry. Apple shares gained 1.92%, Facebook slipped 0.02% on Thursday underperforming market.

Equities markets are advancing currently after SP 500 ended at a record on Wednesday as President Biden again called for $2 trillion infrastructure investment. Amazon shares rose 1.72% as Jeff Bezos stated he is “supportive of a rise in the corporate tax rate” after a week ago Biden called out Amazon for not paying federal income tax saying “I’m going to put an end to that”, Tesla stocks fell 2.99% Wednesday.

The FOMC Minutes will be published today: they may affect the rate of the greenback, gold prices and stocks quotes. US companies start reporting the 1st quarter financials. S&P500 companies are expected to increase their total profits by 24.2% compared to Q1 2020. At the same time, the growth of the S&P500 index itself over the same period of 12 months has already amounted to 52%. Such a discrepancy between the increase in total profit and capitalization can pose risks for investors.

Equities are mixed currently following a Wall Street rally on Monday prompted by strong ISM services report. Facebook shares gained 3.43% outperforming market despite reports personal data of more than half a billion Facebook Inc. users reemerged online for free on Saturday, Apple stocks closed up 2.36% while Tim Cook said that he's never spoken with Musk after Elon Musk's claim that he once tried to hold talks about the possibility of selling Tesla to Apple.

Global stocks are advancing currently following a stronger than expected March jobs report Friday as yields on US 10-year Treasury hover at 1.722%. Tesla reported first quarter deliveries of 184,000 vehicles Friday - a new record, while analysts expected deliveries of 168,000. However, the low number of high-end Model S and X vehicles suggests actual Q1 automotive revenue (excluding emissions credits) may be lower than in Q4.

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