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US and European stock markets gain weight



European stock markets continued to rise. The pan-European stock index STOXX 600 closed up 0.5% and hit new highs, the British FTSE 100 fell 0.63%, the German DAX rose 0.3%, the French CAC 40 – 0.41%. Consumer prices in Germany and France in March rose by 2% and 1.4% in annual terms, respectively. Data for both countries were in line with forecasts, with US stocks gaining strong day-to-day hitting record levels on Thursday, with the Dow Jones closing above 34,000 for the first time in history. So, at the end of the main trading session, the Nasdaq index rose by 1.31% to 12,977.7, the Dow closed 0.9% above zero, and the S & P500 increased by 1.11%. According to the report of the US Department of Labor, the number of Americans for the first time of those who applied for unemployment benefits, last week decreased by 193 thousand – to 576 thousand. A week earlier, the number of applications amounted to 769 thousand. Analysts on average expected a smaller decrease in the number of applications last week – to 700 thousand. : Netflix (+ 1.7%), Facebook (+ 1.65%) and Alphabet (+ 1.85%), Amazon (+ 1.38%), Microsoft (+ 1.53%) and Apple (+1 , 87%) UnitedHealth added 3.83% after posting strong quarterly results. in the first quarter, net income per share reached $ 5.31 (versus $ 3.72 per share a year earlier), which was above the average analyst forecast of $ 4.37 per share. The company’s quarterly revenue amounted to $ 70.196 billion (+ 9.0% YoY), while the average forecast of analysts assumed $ 69.129 billion. In addition, the company also raised its profit forecast for 2021 fiscal year to $ 18.10-18.60 from previously forecast $ 17.75-18.25. Nvidia rose 4.6% on Thursday after analysts at Raymond James raised their recommendation for the stock to Buy with a target price of $ 750 (+ 23% to the current price). Delta Air Lines declined 2.8%. One of the largest US airlines posted higher-than-expected losses in the first quarter of 2021, but revenues exceeded forecasts. Alcoa released a strong quarterly report after the close of the main trading session, which was the driver of the shares up 2%. Net earnings per share rose to $ 0.79 on revenue of $ 2.87 billion. Analysts on average expected $ 0.45 on revenue of $ 2.63 billion. The European CPI is slated for Friday. The US is to publish data on building permits for March and consumer confidence from the University of Michigan for April. Among the landmark reports, it is worth noting the publication of the Morgan Stanley report .______________________ Elena Shishkina, Head of the Market Analysis Division, Investment Analysis and Training Department, IG UNIVER Capital

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