Global markets: US stock indices little changed, European shares soar

The S&P 500 gained 0.08% at 4,154.77. The Dow Jones Industrial Average slipped 0.03% at 33,977.72. The Nasdaq Composite fell 0.04% at 12,153.41

• The yield on 2-year US treasury surged to 4.2%.  The yield on 10-year treasury declined 2 basis points to 3.58%.
• Goldman Sachs shares declined 1.70% at $333.91. It reported both revenue and profit dropped in the first quarter.

Johnson & Johnson stock fell 2.78% at $161.01.

Investors’ focus this week is on the release of more first quarter results from major companies.

Currencies

The euro rose 0.4% to $1.0971. The British pound gained 0.4% to $1.2426. The Japanese yen added 0.3% to 134.08 per dollar.

Canada

Canada’s Toronto Stock Exchange’s S&P/TSX composite index edged higher 0.2% at 20,684.68.

European shares

European shares soared on Tuesday on strong earnings by travel and leisure companies and on robust China GDP data. 

The pan-European STOXX 600 index gained 0.4%. The travel and leisure sector index rose 2.1%.

China’s economy grew 4.5% year-on-year in the first quarter of the current fiscal year.

Britain’s FTSE 100 rose 0.38% at 7,909.44. Germany’s DAX gained 0.59% at 15,882.67. France’s CAC 40 added 0.47% at 7,533.63.

Asia

Most Asian stocks dropped on Tuesday.

Hong Kong’s Hang Seng index dropped 0.6% at 20,650.51. In China, Shanghai Composite index rose 0.2% at 3,393.33. Japan’s Nikkei 225 added 0.5% at 28,658.83. South Korean benchmark Kospi dipped 0.19% at 2,571.09.

Australia’s S&P/ASX 200 index fell 0.3% at 7,360.20. New Zealand’s benchmark S&P/NZX 50 index slipped 0.4% at 11,884.1. 

Crude oil 

Brent crude for June delivery rose 1 cents to $84.77 a barrel on Tuesday. The benchmark US crude oil for May delivery gained 3 cents to $80.86 a barrel. 

Bullion

Gold for June delivery climbed $12.70 to $2,019.70 an ounce. Silver for May delivery added 17 cents to $25.26 an ounce. 

Cryptocurrencies

Bitcoin surged 2.6% at $30,211.05. Ether up 0.1% at $2,079.28.