April 15, 2021

In Asia Pacific, Taiwan outperformed; shares in Hong Kong and China lagged on concerns about PBOC tightening liquidity. China-focused technology bill hearing draws bipartisan support. BoK left rates unchanged at 0.50%. BOJ’s Kuroda warned of lingering COVID pain in the economy. Australian employment continues strong recovery +70.7K in March vs 35.0K consensus. European bourses rallied to record highs Thursday as investors digested a fresh round of corporate earnings. North American equity indices rose once again, with the S&P and Dow surpassing all-time highs, helped by strong March retail sales, the lowest weekly initial jobless claims reading since the onset of the pandemic, and manufacturing data. With a notable absence of any spike in U. S. Treasury yields, investors’ confidence in equities was buoyed. Rates actually dropped with some curve flattening amid talk of technical pressure among fixed-income traders. Crude prices climbed for the fourth straight session.


* Nikkei +0.07%

* Shanghai Composite -0.52%

* Hang Seng -0.37%

* DAX +0.30%

* FTSE +0.63%

* CAC +0.41%

* DJIA +0.90%

* S&P 500 +1.11%

* Nasdaq +1.31%

* Russell 2000 +0.43%

BSD Global Tech Hedge Fund +0.83%

After Market Movers: 

* DLPN Reports Q4 Rev $6.7M v $6.4M y/y; Commences with 2021 Launch of NFTs Division and First NFTs Partnership; +15% afterhours 

* PPG Reports Q1 $1.88 v $1.58e, Rev $3.88B v $3.69Be; +4% afterhours 

* DKNG Named an official sports betting partner of the NFL, extends agreement as daily fantasy partner; +4% afterhours 

* AA Reports Q1 $0.79 v $0.48e, Rev $2.87B v $2.66Be; +2% afterhours 

* JBHT Reports Q1 $1.37 v $1.18e, Rev $2.62B v $2.49Be; +1% afterhours