Eyes on first-quarter reports as financial markets shake up
The rebound in equity markets was short-lived, while gold resumed its rally and bond yields continued to rise. There seems to be no respite for the financial markets, tariffs remain a constant concern and today marks the start of the new quarterly reporting season, with three of Wall Street’s financial giants reporting: JP Morgan, Morgan Stanley and Wells Fargo.
Stock market volatility, like a fever, proves that the financial markets are still sick. The situation remains clearly risk-off, with all three asset classes falling simultaneously and gold resuming its rally. The gold/dollar ratio has hit new one-year highs. Look out for commodities, where the 50 and 200 day averages are approaching again in what could be a bearish cross for prices.
On the macroeconomic front, the day’s focus will be on the US PPI data and the Michigan confidence index for April. Also of interest will be the UK’s February economic performance and India’s industrial production data.
Quarterly reports are back. Today we have the US financial giants. JP Morgan, Morgan Stanley and Wells Fargo will report their first quarter results.
Our forecast analysis once again points to an uncertain day in the financial markets. A lot of uncertainty in equities, where volatility is still seen as very high. Bond yields are still expected to rise, while gold is expected to resume its rally after last week’s slide.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 11 April 2025 - 7:15 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
