Ms Intl. Share Price (MSI)

Nyse data

Issues 2879

Advances 2134

Declines 690

U/c 55

NH 123

NL 18

T/vol(bn) 3•9

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DJ +450 (38,676)

SP +64 (5128)

NS +349 (17,891)

R2 +10 (1301)

WTI $78

10ytb 4•518%

----------

MSCI(W) +40 (3361)

Gold Bugs -1 (261)

---------------

Close :- Vix 13. Brent $83.

Gold $2301. Copper $4•568.

Palm $950. Silver $26•785.

Yen 153. Yuan 7•24.

$1•254. €1•165.

Morning all.

A big drop in volume terms this week versus last. As seems to be the case with

Msi there's no rhyme or reason for the volatility in trading deals and volumes from one week to the next.

Guess it's symptomatic of Aim shares largely dependent on newsflows for pis interest, not that MSi provides much for us in that regard. Whatever and one shouldn't read too much into these nos, buys outpaced sells by a factor of 1•32:1 over c.78 deals.

On a pre holiday weekend which usually sees share prices ease back on a "who'd be wanting to hold these?" type scenarios, seems very few did today as only 8 trades crossed the tape on a very dull day.

Here's the nos:-

Sp 890-920

L/yr 480-510

H 935

L 443

7/88 113

---

Trds 78

T/Vols 59,300

Buys 33,700

Sells 25,600

----

Av trd 760

Av trd£ 780

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Ytd

MSi +4%

100 +6%

250 +2%

All +5%

Aim +1%

---

Evening all.

Fed Chair Powell said the next move in rates would likely be down scotching trader talk of a raise.

On Wall St stocks fluctuated in early dealings before moving higher over the day. The major averages showed strong moves to the upside going into the close with all 3 posting solid gains. The S&P holding its 6% rise ytd.

Main talking point was Apple's

After hours gain to $183 despite iPhone sales dropping 10%. Investors were cheered by a $110bn buyback a 22% increase on last year's $90bn authorisation and the bigest share repurchases by a company in US history.

Berkshire Hathaway owns nearly 6% of Apple (906m shares) and is the 2nd largest investor after the Vanguard Fund Group. Buffet is not averse to selling Apple stock he sold 10m last year. The stock is down 7% ytd.

Gold is holding $2300 level as the US Labour mrkt continues to stabilise as jobless claims came in at 208,000 unchanged. Oils ($84) edged up after selling off to a 7 week low following inventories surging by 7•3m barrels to the highest levels since 6/23.

Issues 2866

Advances 2189

Declines 603

U/c 74

NH 80

NL 26

T/vol(bn) 4•4

------------

DJ +322 (38,226)

SP +46 (5064)

NS +230 (17,542)

R2 +19 (1291)

WTI $79

10ytb 4•584%

----------

MSCI(W) +28 (3322)

Gold Bugs +1 (262)

---------------

Latest :- Vix 15. Brent $84.

Gold $2307. Copper $4•499.

Palm $950. Silver $26•875.

$1•255. €1•169.

FF +18. DF +244.

Morning all.

Nyse data

Issues 2867

Advances 1700

Declines 1102

U/c 74

NH 56

NL 36

T/vol(bn) 4•5

------------

DJ +87 (37,903)

SP -17 (5018)

NS -122 (17,319)

R2 +4 (1272)

WTI $79

10ytb 4•621%

-----------

MSCI(W) -11 (3294)

Gold Bugs +2 (260)

---------------

Latest :- Vix 15. Brent $84.

Gold $2314. Copper $4•566.

Palm $1012. Silver $26•825.

$1•253. €1•169.

FF +43. DF +176.

Morning all.

Of the 265 companies that have reported earnings 79% have beaten analysts expectations for Q1 nos compared to the long'term average of 67%. Yet investors remain bearish.

US equities have had a rough April as inflation nos have pulled back bets on rate cuts in H1 and all 3 major indexes are poised to record their first monthly loss in 6 months as US consumer confidence deteriorated in April falling to its lowest level in 18 months. Coupled with the 'sell in May' and 'go away' crowd the S&P had its worst month this year.

Ten of the 11 S&P sectors fell led down by big tech and an assortment of other big cap counters. Tesla ($181) led the sell off falling 7% as the company is set to sack hundreds of staff coming after the recent 14,000 lay offs and Musk firing 2 senior executives. Musk was quoted as saying 'only the excellent, trustworthy and necessary should be kept on'.

Mrkts were stunned by data showing slower than forecast growth and persistent inflation. Disappointing nos from Meta ($427) triggered the sell off along with IBM, Southwest and Caterpillar all falling. On the big board top 30 only 2 stocks gained (3M & P&G). Cat, Boeing and Msoft propped up the laggards ahead of Amazon earnings nos.

Nyse data

Issues 2897

Advances 495

Declines 2333

U/c 69

NH 64

NL 36

Tot vol(bn) 4•0

-------------

DJ -570 (37,816)

SP -80 (5036)

NS -342 (17,441)

R2 -25 (1268)

WTI $81

10ytb 4•677%

-----------

MSCI(W) -41 (3305)

Gold Bugs -13 (258)

----------------

Latest :- Vix 16. Brent $86.

Gold $2285. Copper $4•527.

Palm $1027. Silver $26•600.

$1•247. €1•170.

FF -2. DF +21.

Morning all.