The big news is that Nasdaq Composite crossed the 6000 mark as markets extended the Macron Rally during the Wall Street Session Tuesday. S&P 500 and Dow Jones Index both advanced as well, with the Dow rising more than 200 points. Oil slipped on bulging US Crude Inventories and Asian Indices hit close to 2 year highs Wednesday morning. Soft data came in from Australia’s Consumer Prices Index causing the Australian Dollar to weaken against its US counterpart during the Tokyo Session Wednesday.
Trump’s Tax reform is all over the news but the showdown the Markets are really anticipating is the series of Central Bank actions from Thursday; Reserve Bank of Australia’s Governor Lowe Speech, Bank of Japan Monetary Policy Statement (YoY), European Central Bank’s Monetary Policy Decision and Switzerland National Bank’s Thomas Jordan speech. All happening from Thursday April 27 – 28.
Market Catalysts to watch out for Wednesday: Canada Core Retail Sales (MoM) (Feb) (8:30 AM ET), US Crude Oil Inventories (10:30 AM ET).