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Daily Global Market Update 29/04/2024

Oil Prices Remain Stable The price of oil saw little change in the last session. The stochastic RSI is indicating a positive signal. AUD/USD Pair Trades Sideways The AUD/USD pair showed little movement in the last session. The ROC is giving a mixed signal. EUR/USD Price Stability The euro-dollar price remained largely unchanged in the last session. The CCI is giving a positive signal. USD/JPY Stalls The dollar-yen price remained largely unchanged in the last session. The Williams indicator suggests an overbought market. US Stocks Rally on Tech Earnings US stocks ended the week strong, buoyed by a rally in mega-cap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft. Alphabet breached the $2 trillion market value mark for the first time since November 2021, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report. Amazon is set to report on Tuesday, and Apple on Thursday. Upcoming Economic Events Here are today's major economic events: • US Dallas Fed Manufacturing Business Index - 1430 GMT • US 3-Month Bill Auction - 1530 GMT • Eurozone Business Climate - 0900 GMT • Finland's Consumer Confidence - 0500 GMT • Japan's Unemployment Rate - 2330 GMT • Japan's Large Retailer Sales - 2350 GMT

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Publication date:

2024-04-29 10:22:01 (GMT)

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