Market Update

• Sentiments on Wall Street remain pesimistic as futures on VIX rises 1.6% today morning after the worst since March 2020 S&P session yesterday. The leading US stock market index tumbled more than 4%.
• Today, also futures on European indices are slightly down, suggesting further pressure on equity markets ahead of key US macro report today – the Non-Farm Payrolls for March (13:30 PM GMT) and Fed chair Powell’s speech (4:25 PM GMT)
• EURUSD gains almost 0.3 while USDIDX drops 0.2%. The 10-year treasuries yields fell almost 6 bps falling below 4% level as investors price in higher recession risk for the US economy
• Gold price is down almost 0.3% today, while silver slides 0.55% after yesterday, very weak session for precious metals market
• Durign the Asian session markets plummeted to their lowest level in two months, extending a worldwide equity selloff sparked by Trump’s latest tariff threats, which pushed investors into safe-haven assets.
• Japanese stocks fell to their lowest level since August. Global junk bonds have weakened the most since March 2020. 
• Singapore retail sales fell -3.6% YoY vs -0.2% exp. and 4.5% rise previously. Swiss unempolyment rate in March came in at 2.8% vs 2.7% exp. and 2.7% previously
• French President Macron advised corporations to halt investments in the US. In reaction to US tariffs. What’s more, France is urging the EU to impose sanctions on US technology businesses. Also,China warned it will take countermeasures to protect its own interests.
• In commodities, oil continues the decline, falling 0.3% to $69 level. The OPEC+ suddenly expanded supplies by three times the planned level in May. NATGAS futures are slightly down today
• Across the agricultural commodities cotton futures on ICE continues the ‘crash’ started 2 April, falling 1.7% today. CBOT wheat and corn prices are slightly up, rising in 0.2%-0.3% rangt today
• Donald Trump commented that markets reaction was ‘anticipated’ by him and the White House. Also, Trump said, that he ‘would consider deal where China approves TikTok sale in exchange for tariff relief.‘

The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.