EUR USD

EUR USD

EUR USD

EUR is trading at the lowest level of the recent 5 years. On a technical basis the first resistance on a rise is 1.0601 and first support is 1.0487 Level.

US stock futures jumped on Thursday after a lackluster session on Wall Street, as investors reacted positively to an earnings report from Meta Platforms. Nasdaq 100 futures rallied 1.2%, while S&P 500 and Dow futures gained 0.8% and 0.2%, respectively. The moves came as shares of Meta surged 18.4% in after hours trading on an earnings beat and a growth in daily users, providing some relief in the beaten-up tech sector. Qualcomm also jumped 6.3% on the back of strong earnings, while PayPal gained 3.4% despite issuing weak guidance for the 2nd quarter. Meanwhile, analysts suggested that even with upbeat corporate earnings, a number of macro headwinds still present challenges for the market ahead. In regular trading on Wednesday, the tech-heavy Nasdaq Composite inched lower by 0.01%, while the Dow and S&P 500 each gained 0.2%. Companies slated to report earnings on Thursday include Apple, Amazon, Twitter and Robinhood, among others.

European stock futures traded higher on Thursday, with the DAX set to climb 0.5% at the open, while the FTSE 100 and the CAC 40 headed for a 0.3% gain, as investors focused on the recent slew of upbeat earnings despite the risks to growth from Moscow’s natural gas supply cuts and increased lockdowns in China. On the data front, investors await key inflation data from Germany and Spain, as well as an economic sentiment gauge for the Eurozone. On the earnings front, Barclays first-quarter net profits fell 18% to £1.4 billion but beat analyst forecasts of £0.6 billion, helped by strong investment banking performance; Spanish lender Banco Sabadell Q1 net profits tripled from a year earlier to €213 million, easily beating market expectations of €166 million. Key earnings also came from meal kit supplier Hello Fresh, consumer giant Unilever, French oil & gas company TotalEnergies, and drugmaker Sanofi.

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