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Meta beat earnings and revenue forecasts with EPS of $4.71 on revenue of $36.46 billion. However, the share price has slumped after weaker revenue guidance and higher spending plans. The selloff has hit sentiment and dragged other tech stocks lower. Meanwhile, the US Q1 GDP was weaker than expected, at 1.6%, annualised. However, core PCE inflation rose more than expected across the quarter. The Dow Jone analysis sees the price testing support at 38000,

Stocks are pointing to a modestly higher start as earnings continue to roll in. However, gains could be limited after stronger-than-expected US durable goods orders revived concerns over the Fed keeping rates high for longer. Tesla is set to open 12% higher despite missing both earnings and revenue estimates. The market was more impressed by the news of an acceleration in the production of affordable EV models. Meta will report after the close.

The US 2-year bond yield remains support, which is capping the yield at 5% and weighed on the US dollar. And that helped AUD/USD rise for a second day ahead of a key AU CPI report.

If you’re waiting for economic events outside the United States to spark the next wave of currency market volatility, you’re looking in the wrong place. Because in the absence of a black or grey-swan type event, it will almost certainly come from within the United States.

US indices point to a stronger start as corporate earnings continue to roll in. Earnings are providing a welcomed distraction after worries over the Fed keeping rates high for longer hurt sentiment last week. US PMI data is due shortly and is expected to show business activity grew at a faster pace. Tesla is due to report after the close after the EV maker's deliveries fell in Q1 and as the share price trades down 40% this year.

The US dollar rally has stalled, and the longer is fails to extends its gains the greater the odds of a pullback. For today, flash PMIs have placed GBP/USD and EUR/USD into focus.

US stocks are set for a mixed open as Iran downplays Israel's attack, helping fears fade. Futures recovered earlier losses, and oil gave back earlier losses. Netflix reported stronger-than-expected Q1 earnings and revenues but is set to fall on the open after revenue guidance for the current quarter was modestly weaker than expected.

The US dollar index recouped some of Wednesday's losses and is now tapping 106, whilst the US 2-year yields considers a break above 5%.

US stocks open lower as traders have plenty to worry about- rising concerns over geopolitical tensions in the Middle East, hotter-than-expected inflation this week, and some disappointment from the banks as they kick off earnings season. Riskier assets such as stocks are under pressure amid fears that Iran could attack Israel this weekend. Meanwhile, safe haven Gold rose to a fresh record high, and the USD rallies.

US stocks have steadied after yesterday's deep selloff. Mixed PPI data appears to have taken the edge off yesterday's hotter-than-forecast inflation data. US PPI eased by more than expected on a monthly basis but rose by more than expected on an annual basis. Meanwhile, US jobless claims were relatively unmoved, highlighting the ongoing resilience in the labour market. Elsewhere, the ECB left interest rates on hold at 4%.

Bond yields and the US dollar surged after the latest US inflation report bought serious doubt over a June Fed cut, dragging global indices lower which sets the stage for the ASX 200 cash market to suffer today.

US stocks are falling sharply after US inflation was hotter than expected, raising doubts over the Fed's ability to cut rates early. The market is now pricing in two rate cuts this year, down from three just a few weeks ago. The first-rate cut is fully priced in for September, pushed back from July. Followig the data US treasury yields and the USD rose and stocks have slumped.

US stocks are set for another flat session as investors sit on the sidelines ahead of tomorrow's inflation data. CPI is expected to rise to 3.4% YoY from 3.2% and could raise further doubts over the Federal Reserve's ability to cut interest rates this year. The market is pricing in a 50/50 probability of a rate cut in June and expects rates to be cut by 60 basis points across the year, down from 75 basis points just a few weeks ago.

US stocks are pointing to a quiet start after losses last week and as US treasury yields rise. Strong US jobs data and manufacturing reports from last week have seen the market rein in Fed rate cut expectations. The market is now pricing in just a 49% probability of rate cut in June, down from 58% a week ago. There is no major data release today. Looking ahead of CPI and the FOMC minutes will be in focus.

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

US stocks are set to open higher despite rising treasury yields after a stronger-than-expected NFP report. 303K jobs were added in March, smashing forecasts of 200k and raising questions over whether the Fed will be able to cut interest rates three times this year. The market is now fully pricing in the first rate cut in September rather than July. Oil is set to rise 4% across the week amid rising geopolitical tensions in the Middle East.

The US dollar retraced for a third day, but with NFP stats favouring a 'beat' then we're on guard for a dollar bounce.