Skip to content Skip to footer

Dow Jones Closes In on new High

The Dow Jones closed in on a new high to start the week as U.S. companies continued to outperform market expectations this earnings season.

First quarter earnings in 2021 have considerably outperformed business activity from the same period last year, as the end of the pandemic seems to be nearing.

According to data from Q1, earnings have risen 46% from the same period last year, with 87% of reports beating analyst expectations in relation to earnings per share.

Overall, this growth has been led by FAANG companies, which all beat forecasted figures after releasing Q1 data last week.

With earnings season only at the half-way point, some of these stats could change, however the signs remain positive for the U.S. economy.

London hosts first post-pandemic G-7 meeting

In the United Kingdom, the benchmark FTSE 100 was closed on Monday due to a public holiday, however London remained open, as it hosted G-7 leaders.

Foreign ministers from the UK, Canada, France, Germany, Italy, Japan and the United States met in London, with climate change said to be one of the main talking points.

Today’s meeting will lay the way for leaders of these countries to meet next month, in what will be President Joe Biden’s first official state visit to the UK.

Regarding the issues to be discussed, the British Foreign Minister Dominic Raab stated that, “On all of these areas we want to be absolutely firm, and stand shoulder to shoulder not just with Americans, as important as they are, but also with our wider allies – that’s why the G7 is so important“.

Many will look to the FTSE 100 tomorrow to see if any gains could be made from today’s talks.

Ethereum rallies above $3,000

Ethereum rallied to further highs to start the week, breaching a key price point for the first time as a result.

Ether raced past the $3,000 mark in today’s session, and as of writing set a new record high of $3,322 as Bitcoin also rose.

The move in ETHUSD this year has so far outshone that of even Bitcoin, quadrupling its value in 2021 thus far.

Many believe that the Ethereum platform will be a vital part for those who want to enter the decentralized ecosystem, as recently seen with the European Investment Bank launching a digital bond say on the network.

Quote of the day – “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behaviour.”

– Brett Steenbarger

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.
Website: www.tradeviewforex.com

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.
Website: www.tvmgloballtd.com

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.
Website: www.tradeview.eu

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.
Website: www.tradeviewlatam.com