Global Market Trend As Of Apr., 14th 2022

Producer Price Index, the producer price index rose 1.4% month-over-month, according to the Bureau of Labor statistics. Year-over-year, prices paid by wholesalers jumped a record 11.2%, up from 10% in February.

Factoring out volatile food and energy costs, core producer prices rose 1% monthly in March, up from 0.2% the prior month. Year-over-year, look for core PPI to jump 9.2% in March. On Tuesday, the government reported that the consumer price index, a closely-watched gauge of retail inflation, surged to a 40-year high in March.

Corporate Actions, In earnings news, Delta shares rose after the carrier said it has returned to profitability as consumer demand rebounds. The disclosure bodes well for other carriers. Separately, pilots at Southwest warned CEO Robert Jordan of fatigue through their union. 

JPMorgan's quarter was more subdued as revenue and profits declined from the same period a year ago. The largest U.S. lender posted a profit of $8.28 billion, or $2.63 per share in the first quarter, compared with $14.3 billion, or $4.50 per share, a year earlier. Revenues fell to $30.7 billion from $32.2 billion a year earlier. The stock slide weighed on the Dow. 

Thursday Goldman Sachs, Morgan Stanley and Wells Fargo will all report earnings. 

New Deals,  AMC Entertainment has struck a deal to acquire seven former Bow Tie Cinemas locations with 66 screens, including five in Connecticut, one in upstate New York and one in Annapolis, Maryland. The new Connecticut theater locations will double AMC's overall presence in the state. 

Commodities, U.S. oil rose over 3% to $104.25 per barrel as traders monitored Russia's tightening supply after Moscow said talks to resolve its invasion of Ukraine had come to a dead end.

 Bitcoin traded around $41,000. 

SPOT MARKET  BY THE HOUR AS OF GMT 09: 50  04-14-22