Data on Friday showed the U.S. economy cooled in the first quarter, though not as much as forecast, while the U.K. posted the worst quarterly GDP figures since 2012. France and Spain reported slightly slower growth rates. The dollar held steady against a basket of currencies as the new trading week started, having pulled back from a three-and-a-half-month high set late last week, pressured by a decline in the benchmark U.S. 10-year Treasury yield. Elsewhere, there was little reaction in the pound after Theresa May ally Amber Rudd quit as U.K. home secretary late Sunday. Crude oil held around $68 a barrel level as investors wait to see whether the nuclear accord that Iran signed with world powers in 2015 will survive the scrutiny of the Trump administration. Earnings season continues, with Apple Inc. headlining. Other high-profile results include Pfizer Inc, Merck & Co, Cigna Corp, HSBC Holdings Inc, BNP Paribas SA, Standard Chartered Plc, Tesla Inc, BP Plc, McDonald’s Corp and Adidas AG. Investors will turn their focus to a torrent of data from the United States this week including consumer spending later in the day, the Fed’s policy decision on Wednesday, and a jobs report on Friday.
Earnings season continues, with Apple Inc headlining.
Published on 2018-04-30 06:11
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