EUR/USD 1.02451
0.010%
Gold 2689.39
-0.046%
Oil 77.289
1.858%
USD/JPY 157.803
-0.006%
GBP/USD 1.22073
-0.008%
GBP/JPY 192.638
-0.012%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Both U.S. and Brent crude oil prices expanded their gains to 2% in early trading as the impact of U.S. energy sanctions on Russia last week continued.On January 13, it was reported that the UK is exploring the use of nuclear energy for the construction of artificial intelligence data centers. The first area will be located in Culham, the home of the UK Atomic Energy Agency. The British government will set up an energy committee composed of government and private officials, which will explore the use of small modular reactors that rely on nuclear fission technology to power data centers. Vantage Data Center said that as part of the plan, it will invest more than 12 billion pounds (14.6 billion US dollars) in data centers across the UK. Another data center company, Nscale, said it will invest $2.5 billion in the next three years. The Labour Party, led by Starmer, has put artificial intelligence at the heart of its economic agenda, but has been slow to roll out related policies and has been criticized for confusing early information.U.S. stock index futures opened slightly lower on Monday, with S&P 500 futures and Nasdaq futures both falling 0.1%.On January 13, ABP, Europes largest pension fund, sold all of its 571 million euros ($585 million) in Tesla in the third quarter, partly because it disagreed with Musks compensation plan. An ABP spokesman said on Sunday that Musks compensation plan was "problematic." The fund also considered costs, returns and responsible investment requirements when deciding to sell its shares. The Dutch Daily Financial News first reported the news, which also listed poor working conditions as one of the reasons why ABP abandoned Tesla. Last month, Musks record Tesla compensation plan was again rejected by a Delaware judge. The stock option plan was originally worth $2.6 billion and soared to $56 billion when the judge rejected the plan. In June of this year, ABP voted against the compensation plan, calling it "controversial and abnormally high."According to Nikkei: Japan will launch its first infrared sensor in fiscal 2025 to supply the International Space Station.

E-mini S&P Pressured by Inflation, Economic Growth Worries

Cameron Murphy

Apr 27, 2022 10:35

Investors are waiting to see if earnings from Big Tech companies this week would offer the support needed to stop the current sell-off. June E-mini S&P 500 Index futures are trading lower shortly after the cash market opened on Tuesday. Concerns about high inflation and weakening global economy are driving the price activity.


June E-mini S&P 500 Index futures are trading at 4231.25, down 61.50 or 1.43 percent, at 14:17 GMT. The S&P 500 Trust ETF (SPY) is down $6.31, or 1.47 percent, to $422.20.


According to Refinitiv statistics, 77.5 percent of the 102 businesses in the S&P 500 that reported earnings through Monday exceeded analysts' profit projections. In a typical quarter, 66 percent of results exceeded expectations.

Earnings Reports

United Parcel Service Inc increased 1.9 percent after reporting an increase in quarterly adjusted earnings, while 3M Co rose 0.9 percent after exceeding profit expectations.


General Electric Co slumped 3.5 percent after expecting full-year earnings at the low end of its previous estimate, as the industrial behemoth struggles with supply chain interruptions and rising freight and raw materials costs.


Core Durable Goods Orders in the United States increased 1.1 percent, exceeding expectations and the previous reading. The Consumer Confidence survey from the Conference Board came in at 107.3, lower than the prediction of 108.5, but the preceding report was revised upward. Finally, new home sales came in at 763,000, which was lower than expected. The preceding month's figures were revised upwards.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 4195.25. The major trend will turn to up if the price breaks through 4509.00.


4094.25 to 4631.00 is the short-term range. Resistance is found in the retracement zone of 4299.25 to 4362.75. Earlier in the session, the bottom or Fibonacci level of this range stopped the purchasing.

Technical Forecast for the Daily Swing Chart

Trader reaction to 4292.75 will influence the direction of the June E-mini S&P 500 Index into Tuesday's closing.

Reaction: Bearish

The presence of sellers will be shown by a persistent rise below 4292.75. If the minor bottom at 4195.25 is broken, it will imply that the selling pressure is increasing. This might cause a sell-off to begin, with the first negative target of 4129.50, followed by 4094.25.

Positive Reaction

The presence of buyers will be signaled by a prolonged advance over 4292.75. Overtaking the Fibonacci level at 4299.25 will signal a strengthening of the buying. This could prompt a move higher, with the primary 50 percent milestone at 4362.75 as the next big objective.

Suggestion