Market Overview

Equity indexes futures are pointing mostly up currently tracking Wall Street gains on Thursday. Tesla shares advanced 0.72% amid reports the EV leader is looking to build a new battery plant in Texas together with China’s dominant battery maker, Microsoft shares rose 1.26% on Thursday outperforming market.

Global stocks are trading mostly up currently after the vice chair for supervision of the Federal Reserve suggested stricter rules would “.. improve the resilience of the banking system.” Wall Street rebounded on Wednesday. Apple shares rose 1.98% outperforming the market after the iPhone maker launched its ‘buy now, pay later’ service in US the previous day, Alphabet’s shares added 0.36% on Wednesday.

On Tuesday, the quotes of the US dollar and stock indices fell due to the risks of a banking crisis in the US. Fed Vice Chair of Supervision Michael Barr is expected to speak in the US Congress today, which may calm investors. Oil has risen in price due to several factors at once

Global stocks are trading mostly up currently as concerns of deepening global banking crisis subsided. Wall Street ended mixed on Monday after announcement that First Citizens BancShares acquired the failed Silicon Valley Bank. Microsoft shares lost 1.49% amid news the company’s government affairs team had asked the Biden administration to scrutinize the “imbalance” in the Japanese gaming market as Sony insists on blocking Microsoft’s proposed $69 billion Activision merger after refusing Microsoft's  several games licensing offers, Alphabet shares dropped 2.83% on Monday underperforming market amid reports Alphabet has asked a US federal judge to dismiss a Justice Department lawsuit alleging that the search giant illegally abused its dominance of online advertising..

Global equity indexes are mostly rising currently after Wall Street posted back to back gains on Friday. Apple’s shares added 0.83% outperforming market, Microsoft shares rose 1.05% on Friday amid reports the software giant has threatened to cut off competing search engines' access to its internet-search data if they don’t stop using it as the basis for their own artificial intelligence chat products.

Equity indexes futures are pointing in different directions currently as banking stocks remain  under pressure while investors weighed US officials comments on possible actions to stabilize the banking system. Wall Street ended higher on Thursday. Alphabet shares jumped 2.16% outperforming market amid reports Alphabet, Meta, and Snap would benefit if the US moves forward with a TikTok shutdown, Microsoft shares rose 1.97% on Thursday.

Global stocks are trading mixed currently after Fed hiked rates as expected. Wall Street ended down on Wednesday. Apple shares lost 0.91% outperforming the market, Alphabet’s shares fell 1.53% on Wednesday while the company announced that it has opened a waiting list to get access to Bard, Google’s AI chatbot tool designed to take on ChatGPT.

On Tuesday, the US dollar index suspended a 3-day decline in anticipation of the Fed meeting. American stock indices rose thanks to the stabilization of the US banking sector and positive news on individual companies. Precious metals fell yesterday, the Fed rate hike is a negative factor for them.

Global stocks are trading mostly up currently ahead of two-day Federal Reserve policy meeting starting today. Wall Street ended higher on Monday as bank contagion fears eased amid reports US officials were looking at ways to temporarily expand Federal Deposit Insurance Corp coverage to all deposits. Microsoft shares dropped 2.58%, Amazon shares lost 1.25% on Monday underperforming market as CEO Andy Jassy said Amazon will lay off 9,000 more employees in the coming weeks.

Global equity indexes are in red currently after initial relief over UBS Group’s state-backed purchase of Credit Suisse Group for $3.23 billion (3 billion Swiss francs). Under the deal Credit Suisse’s additional tier-1 bonds - or AT1 bonds - with a notional value of $17 billion will be valued at zero, which renders shareholders better protected than the holders of the debt. Wall Street resumed the selloff on Friday. Apple’s shares lost 0.55% outperforming market, Meta shares plunged 4.55% on Friday while President Donald Trump posted on Facebook for the first time since January 6, 2021.