Global Market Trend As Of Apr., 4th 2022

Bitcoin traded around $46,000.



Analyst Views
U.S.stocks rose in a choppy session to end the week and started the second quarter with gains.  The Dow Jones Industrial Average rose over 139 points, or 0.4%, while the S&P 500 and Nasdaq Composite gained 0.34% and 0.3%, respectively. 

Wall Street on Thursday closed out its worst quarter since the pandemic started two years ago.

Stock movement, Stocks managed to end higher even with declines in large-cap names, including Intel, Apple and Caterpillar. 

Labour Issue, the U.S. economy added 431,000 new nonfarm jobs in March, slightly below expectations for 490,000. That follows a much larger than expected gain of 678,000 in February. The unemployment rate fell to 3.6%, down from 3.8% the prior month and the lowest since February 2020. 

Corporate action, in stocks, GameStop shares jumped after the company said it would request shareholder approval at its annual meeting for an increase in the number of shares of the video game retailer to enable a stock split. Other meme stocks may be active as well. 

Bond market, Banks remain active in tandem with rising bond yields, which dictate interest rates on loans and lending power for banks. The yield on the 10-year Treasury rose to 2.374%, snapping a three-week winning streak.

PMI, In other economic news, the ISM’s manufacturing purchasing managers index came in at 57.1. A number above 50 signals expansion. Construction spending rose 0.5%, just below the previous month’s 1.3% gain and below estimates. 

Commodities, U.S. oil prices fell to $99.27, while Brent, the global benchmark, slid to $104.39 as investors weighed the release of emergency oil reserves announced by the United States.

SPOT MARKET  BY THE HOUR AS OF GMT 09: 46  04-04-22