Stock indices stabilize, even as oil prices continue to rise due to the conflict in the Middle East. After the close of the American market, the results of Alphabet and Tesla will be announced, but both reports should be the key events of the evening and potential catalysts for the volatility of index futures. Brent crude rose to USD 95 per barrel, not weakening a bit. President Trump has signaled that the US is ready to help secure the Strait of Hormuz, and has warned that flows to commercial shipping could cause holes in the country’s critical infrastructure. Oil stocks in the US fell by 2.01 million barrels, slightly more than the market expected (-1.95 million barrels). Gasoline stocks rose by 0.765 million barrels, while economists had expected a decline of 1.905 million barrels. Distillate stocks fell by 1.395 million barrels compared to an expected increase of 0.825 million barrels. Crude inventories at the Cushing node fell by 0.674 million barrels after rising by 0.430 million barrels in the previous week. Investors should keep a close eye on the results of Alphabet, Tesla, IBM, Texas Instruments and ServiceNow, which should provide new information on AI spending, cloud demand, business spending on technology and insight into the technology sector. Gold is up 1.8% today, rising above $4,150 an ounce, while it is up 4%. The US dollar is weakening slightly and Bitcoin is holding around USD 66,000. Cocoa futures on ICE were down about 5% at $5,300 a tonne today, under pressure from a stronger US dollar, stocks that rose to a two-year high and a tightening bid from West Africa. Cocoa exports from Nigeria rose by 30% in April this year, while supplies from Ivory Coast are up 21% since the start of the year, bolstering estimates of global cocoa availability. Fed rate futures currently imply a roughly 31% chance of a Fed rate hike this month and a 75% chance of at least one 25 basis point hike in the coming months. Deutsche Bank, meanwhile, is constructive on US stocks, pointing to a 30% increase in corporate earnings from the S&P 500 index and a slight 2% market growth forecast during current results. sessions. Apple shares fell by less than 1% despite the company preparing a wide range of renewed Macs to support its AI strategy, including new MacBook, Mac mini and Mac Studio models as well as future versions with OLED displays. Shares of Reddit fell 9% after reports that the company is considering ending Google’s access to Reddit’s AI-powered content, which could jeopardize one of its key AI-related licensing partnerships.
US30 (interval D1)
Zdroj: xStation5
!–cleared–>
X-Trade Brokers (XTB) is an international brokerage house that provides professional conditions for trading CFDs on forex, indices, commodities, cryptocurrencies and for investing in shares and ETFs. He is constantly improving his services, which is evidenced by a number of international awards and this is also confirmed by the domestic award of Broker of the Year and Forex Broker of the Year, which was repeated at the MoneyExpo Investment Summit. For its clients, XTB offers a professional trading platform xStation 5 with an integrated calculator, free extension, 24-hour customer support and daily news from the financial markets. The distribution of contracts are complex tools and due to the use of financial leverage, they are associated with a high risk of rapid financial loss. In the case of 71% of the retail investors, the trading with installment contracts with this provider resulted in a loss. You should make sure you understand how the installment contract works and whether you can afford the high risk of losing your funds.