World Market Update 4/30/2021

The U.S. is backing away from an economic recession brought by the COVID-19 pandemic as the nation’s economic growth accelerated in the first quarter. The government largesse also extended to businesses, especially the hard-hit ones. With all adult Americans now eligible for a COVID vaccine, the massive fiscal stimulus have resulted in a faster economic rebound in the United States when compared to its global rivals. GDP growth in the U.S. increased in at 6.4 percent annualised rate last quarter, according to data from the U.S. government, triggering a good month for businesses in the United States. But, the massive manufacturing engine that powers China slows on supply bottlenecks and soft demand.

To the charts now:

U.S. stocks:

Dow: Up 239.98 points (34,060.36 USD)

S&P 500: Up 28.29 points (4,211.47 USD)

U.S. 30-year Treasury Bond: up 0.004 (up 2.308 percent)

Spot Gold: Up 3.70 (+0.21 percent, at 1,771.80 USD)

USD cross rates:

YEN: 108.8500

EURO: 0.8265

STERLING: 0.7184

SW FRANC: 0.9091

CAN: 1.2276

AUD: 1.2877

European Markets:

UK FTSE-100: Up 13.18 (+0.19 percent, at 6,974.66 GBP)

FRANCE CAC-40: No change (At 6,302.57 EURO)

GERMAN DAX-30: Up 75.08 (+0.50 percent, at 15,229.28 EURO)