The futures of the stock are declining in China Covid concerns, betting rate; Previous Week: focus, inflation and GDP; Twitter shared top report on take-up interviews with Elon Musk; Tesla's shares are slippery as Shanghai expands Covid's shutout, Beijing orders testing and AT&T shares rise higher in Goldman's 'buy' rating.
Here are five things you should know about Monday, April 25:
1. - Stock Futures Slump On China Covid Worries, Fed Rate Bets
US budget futures plummeted on Monday, as the dollar rose and oil prices plummeted, as investors withdrew from risky markets amid rising Covid limits in China and concerns over the impact of consumer demand on the Federal Reserve's hawkish inflation.
Officials in China have ordered millions of residents in the Beijing capital to undergo a compulsory medical examination over the weekend as diseases spread rapidly in the city of 20 million during Coivd's re-launch in the country. In Shanghai, city officials have tightened their roadblocks as the border enters its fourth week in China's metropolitan area.
Shares in the region changed as a result, with Shanghai Composite falling 5.15%, a sharp one-day decline over two years, and Japan's previous MSCI index falling 2.4% at the end of trading.
European stocks fell 1.9% at the start of the Frankfurt trade, with markets experiencing the slightest rise in Emmanuel Macron's victory in the second round of the French presidential election.
The measures have included investors' concerns, which have been reflected in U.S. stock markets last week, which closed 5% on the S&P 500 over the two-day moving average, that the Fed's aggressive rate hike will affect consumer demand significantly. the second half of the year, as betting by a 50-point increase in the next three policy meetings continues to grow rapidly.
To emphasize that point, last week saw the largest weekly outflow of equity market funds - $ 17.5 billion - so far this year, according to Bank of America data.
As a result, yields for the 10-year average dropped to 2.833% in overnight trading as investors sought to cover the risk-free markets, taking the US dollar index, which follows the greenback against the basket of six world currencies, by 0.35% above the new two-year high of 101.442.
Oil prices were also high, with traders betting on the immediate need from China - the world's largest consumer of energy - due to its 'zero Covid' policy. The WTI futures for June delivery are marked at $ 4.89 low of $ 97.18 per box while Brent's contracts for the month, globally, dropped from $ 5.13 to $ 101.50 per box.
On Wall Street, future contacts tied to the Dow Jones Industrial Average show a 275-point discounted decline while those affiliated with the S&P 500, a decrease of 5.7% per month and 10.37% a year, have a re-opening price of $ 35. iron is reduced. The future of the technology-focused Nasdaq Composite, which fell 20% from the top in mid-November, looks like a 95-point decline.
2. - Next Week: Income, Inflation and GDP on Focus
Markets are expected to be very busy in the first quarter of this week's wage earnings, with about 180 S&P 500 companies reviewing profits for the quarter of March before looking at GDP growth in the world's largest economy on Thursday.
The combined S&P 500 gains are expected to grow by only 7.1% from last year to a share value of $ 440.4 billion, according to data from Refinitiv, the pace for the three months ending June is expected to drop by about 6.6% .
Microsoft (MSFT) - Google (GOOGL) - Meta Platforms (FB) - Apple (AAPL) - four of the largest weights in the S&P 500, will report this week, starting with Microsoft after trading closed on Tuesday, with bluechip companies such as General Electric (GE) - Boeing (BA) - oil officials Chevron (CVX) - and Exxon (XOM) - Exxon Mobil Corporation and drug giants Merck (MRK) - and Eli Lilly (LLY) -
3. - Twitter Most Share on Expropriation Report Interview with Elon Musk
Twitter (TWTR) - shares were rarely acquired before the market on Monday amid reports that management board members were ready to start negotiations with Tesla (TSLA) - CEO Elon Musk.
Musk, who made an unsolicited $ 43 billion bid to take over a private company earlier this month, costing the party $ 54.20 per share, has set aside $ 46.5 billion as part of his demand, according to the SEC's weekly submission. last year, and to appeal to shareholders through this Twitter account - which has more than 81 million followers - two weeks ago.
4. - Tesla Shares Slip As Shanghai Extends Covid Lockdown, Beijing Order Examination
Tesla shares are down from pre-market trading as Shanghai extends its Covid shutdown to the fourth week, which could limit production at a leading car manufacturer in Asia.
Tesla said last week the quarterly delivery should be flat - or "maybe a little lower" - compared to the first three months of the year thanks in part to the closure of its Shanghai supermarket - which lasted about half an hour. the group's cars last year - amid China's 'zero Covid' crash.
5. - AT&T Shows Higher Edge To Goldman 'Buy' Rate
AT&T (T) - Stocks up in pre-market trading following Goldman Sachs analysts following better first-quarter earnings better than expected last week.
