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April 29 Market Focus News

TraderKnows
TraderKnows
04-29

The dollar index hits a new high, while Apple releases its second-quarter earnings report.

1. Currency Market

The U.S. Dollar Index reached a near two-week high, with investors optimistic about the strong performance of the U.S. economy, though global inflationary pressures remain.

The Euro to Dollar exchange rate fell, as the market focused on the European Central Bank's policy meeting, expecting a continued dovish stance.

2. Stock Market Dynamics:

U.S. stocks opened lower, with tech stocks leading the decline, amid concerns over slowing profit growth and inflation risks. European stocks fluctuated and fell, with energy and financial stocks dragging down, as market worries about the sustainability of the economic recovery persisted.

3. Corporate News:

Apple released its second quarter earnings report, with revenue exceeding expectations, but its stock price fell. Investors focused on iPhone sales and service business growth.

Amazon announced an increase in investment in cloud computing infrastructure to meet the growing demand for cloud services and enhance market competitiveness.

4. Crude Oil Market Dynamics:

Crude oil prices rose, due to a decline in U.S. crude inventory and optimistic expectations for global demand growth.

5. Central Bank Policy Dynamics:

The Bank of Japan kept its monetary policy unchanged but adjusted its economic outlook to "uncertain," hinting at the possibility of further easing measures.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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