It was a bullish month for most world equity markets, with net monthly changes ranging from +3.7% (Russia), +3.6% (India), +2.9% (Japan, South Africa), +2.5% (USA, Brazil), +1.9% (Germany), +1.7% (Australia), +1.5% (China), to -2.5% (Hong Kong).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - RTSI
India – SENSEX
China – Shanghai comp'
South Africa – Dow
Hong Kong – Hang Seng
Australia – AORD
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Summary
Nine world markets settled net higher for April.
Russia was the strongest market, whilst Hong Kong was the weakest.
Eight world markets are trading above their respective monthly 10MA, the two exceptions being Brazil and Russia.
Germany, China, South Africa, and Hong Kong, have net positive monthly momentum.
Germany, India, South Africa, and Australia aren't far from breaking new historic highs.
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Looking ahead
Another very busy week is ahead, with a truck load of earnings, an FOMC, and a fair amount of econ-data.
Earnings:
M - SOFI, NCLH, ON, MGM, RIG, FANG, CAR, NXPI, CF, CHGG
T - PFE, UBER, BP, MAR, MPC, STNG, LNG, CEIX, AMD, F, ET, SBUX, MTCH, CZR
W - CVS, YUM, GOLD, PSX, GNRC, EL, WWE, SPWR, QCOM, ALB, SEDG, MELI, FSLY, MRO, ETSY
T - MRNA, BUD, RCL, PTON, DDOG, COP, SHEL, APA, AAPL, SHOP, SQ, COIN, DKNG, LYFT, FTNT, CVNA, BKNG
F - AMC, WBD, FUBO, EOG, CI, ENB, INSW, GSAT
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Econ-data:
M - PMI/ISM manu', construction
T - JOLTS, factory orders
W - ADP jobs, PMI/ISM serv', EIA Pet' report
*FOMC announcement 2pm, with a press conf' at 2.30pm. Rate hike ten of 25bps to 5.00-5.25% can be expected.
T - Weekly jobs, Productivity, Intl' trade
F - Monthly jobs, consumer credit (3pm)
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Have a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
