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US economy set to slow in Q1, Bank of Japan stays easy

Mount Equity Group Tokyo Japan > News > Markets > US economy set to slow in Q1, Bank of Japan stays easy

After a choppy session yesterday, markets in Europe managed to finish the session in positive territory, however the gains were hard won, and lacked conviction.

In the US, the attempts to move higher were similarly lacking in conviction, with the best that can be said is that we’ve seen a little bit of a pause for breath after recent heavy declines, as we head towards the end of the week, and the month.

Today’s European open looks set to be a positive one after Facebook owner Meta Platforms Q1 numbers weren’t as bad as markets had feared, sending the shares higher after hours in what looks like a bit of a relief rally, while Asia markets have also moved higher on pledges of further fiscal support from Chinese policymakers.

April has been a disappointing month for stock markets in general, but for US markets it’s been particularly bad with the Nasdaq 100 hitting one-year lows yesterday,…

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