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Push stocks higher See here for global coronavirus case data

US GDP for 1Q 2020 The US advanced GDP data for the 1Q came in at +4.8% initially but the headlines were then corrected to read -4.8% vs -4.0% estimate. 

Gilead shares Shares of Gilead have been halted pending an announcement in premarket trading. See here for global coronavirus case data

Key events and releases for the day The US advanced GDP will be released at the bottom of the hour with annualized 1st quarter expectations at -4.0%. The prior quarter came in at 2.1%. Personal consumption is expected to decline by -3.6%. GDP price index is expected to rise by 1.0% (versus 1.3%) core PCE […]

What to watch for The market is getting ready to take in Wednesday's Fed decision. No major policy changes are expected, given the deluge of Fed activity in response to the coronavirus, and it will likely be more about the tone of the Fed's message.

The German government expects the fallout from the virus outbreak to send the economy into its worst recession since the aftermath of WWII – Forecasts GDP to fall by 6.3% in 2020 See here for global coronavirus case data

Latest data released by Destatis – 29 April 2020 – +1.4% – CPI +0.3% vs +0.1% m/m expected – Prior +0.1% See here for global coronavirus case data Headline annual inflation slumps to its weakest level since November 2016, as the fall in energy prices last month exacerbates inflation pressures everywhere. Given the economic f

Forex news from the European trading session – 29 April 2020 Headlines: Markets: – NZD leads, GBP lags on the day – European equities mixed; E-minis up 0.6%

Raab is handling PMQs today The pound is continuing to keep weaker on the session, with cable now testing the key hourly moving averages close to the 1.2400 handle.

Only down -0.8% The NASDAQ composite index is getting closer to its year and level at 8972.60. The price has just traded up to 8902.168. That puts the index around -0.8% from the unchanged level.