From Nasdaq: 2024-04-30 07:40:46

June S&P 500 E-Mini futures are down 0.13% this morning, while Wall Street indexes closed higher yesterday. Tesla surged over 15% after clearing data safety requirements in China. Domino’s Pizza climbed more than 5% on strong Q1 sales. Apple and Franklin Resources also made moves. Federal Reserve’s two-day meeting begins today with expectations of unchanged interest rates. Meanwhile, investors are awaiting earnings reports from major companies like Amazon and economic data including the US CB Consumer Confidence Index.

Euro Stoxx 50 futures are down 0.56% as investors digest corporate earnings reports and economic data. Germany’s retail sales bounced back in March and Eurozone’s inflation rate remained steady in April. In corporate news, Mercedes-Benz and Stellantis reported drops in revenue, while Logitech shares rose after upbeat Q4 results.

Asian markets mixed. China’s Shanghai Composite Index down 0.26%, Japan’s Nikkei 225 up 1.24%. China’s latest economic data shows a slowdown in manufacturing/factory activity. China plans to intensify support for the economy. Chinese companies like China Vanke and Haier Smart Home saw contrasting results. China’s financial markets will be closed Wednesday to Friday for Labor Day.

Japan’s Nikkei 225 closed higher post-holiday. Japan’s factory output stronger than expected in March, driven by automakers. Retail sales growth slows. Japanese yen weakens against the dollar. Bank of Japan notes rising service prices and potential pay increases. Sumitomo Corp. rises on news of activist investor Elliott Management stake. Various economic indicators reported for Japan including Industrial Production, Retail Sales, Unemployment Rate, and Housing Starts.



Read more at Nasdaq: S&P Futures Tick Lower Ahead of FOMC Meeting, U.S. Economic Data and Amazon Earnings in Focus