News for Friday morning, 30 April 2021
US stocks rose, pushing S&P500 to a new record, as investors received encouraging GDP data, good data for Q1 and a new plan for $1,8 trillion.
On the back of positive reports, Facebook shares rose by 7,3%, Qualcomm shares +4,5%, Comcast +4,3%.
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After the market closes Amazon Reported, that revenue in Q1 jumped by 44% to $108,5 billion, and the profit was record $15,8 per share, exceeding analysts' ratings. Postmarket quotes increased by 5%. Investors were waiting for the split announcement, insofar as stock traded in the area $3500, maybe, what will be announced later. Previously, Tesla and Apple resorted to the split, to maintain interest in the stock among retail investors.
Amazon's broad reach can be an indicator of the well-being of other companies. Higher-than-expected e-commerce results serve as a positive marker for retailers – Walmart и Target. Cloud Computing Sales Numbers Indicate Rapid Segment Growth (coupled with data from Microsoft and Google). Revenue growth in the advertising business in the last quarter by 70% points online advertising.
High household savings translate into consumer spending as the economy recovers, and will also promote growth. Besides, FED does not plan to tighten the policy in the near future. Against this background, it is difficult for investors to remain bears, writes WSJ.
Bonds yield on 10-year Treasury bonds rose to 1,69%, what became the highest intraday level in more than two weeks. The demand for risk provokes a sell-off in bonds.
SEC investigates Volkswagen joke about plans to rename its US division from Volkswagen to Voltswagen. The regulator wants to check, whether an April Fool's joke affected the automaker's stock price and whether it violated any securities laws.
Asian stocks fell on Friday: Shanghai Composite fell to 0,9%, Hang Seng fell on 1,7%.
Chinese regulators continue to put pressure on fintech. They imposed widespread restrictions on finance departments 13 companies, including Tencent, Meituan и ByteDance. China To Limit The Ability Of The Country's Internet Giants To Use Big Data For Lending, money management, etc..
Surveys of purchasing managers in China (SMEs) also reduced risk appetite, indicating a slowdown in the growth of activity. Companies report, what such problems, like a shortage of chips, problems in international logistics, shortage of containers and growth of freight rates, still serious.
The ruble shows no dynamics:
USDRUB 74.64 (0)
EURRUB 90.40 (-0.1%)
Mail.Ru Group's revenue in the first quarter of the year increased by 27,4%, to 28,3 billion rubles. The result slightly exceeded forecasts, the company's quotes on the Moscow Exchange fell within a percent.
Sovcombank had to postpone its IPO due to the purchase of Vostochny.
