Opening Bell: Strong Earnings Lift Stocks; Dollar Hits 20-Year High Vs. Yen
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📚 Daily Digest | Thursday, Apr 28, 2022 | |  | | U.S. GDP, Apple & Amazon Earnings, Yen Slump - What's Moving Markets | |  | © Reuters. | U.S. first-quarter GDP growth is due, and is expected to show a sharp Covid-driven slowdown. Earnings season continues at fever pitch, with last night's update from Facebook (NASDAQ:FB) owner Meta Platforms ensuring a positive start to the day. Economic bellwether Caterpillar (NYSE:CAT) also reported strong results, but the main event comes later in the day with Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN). The Bank of Japan pushed the yen to a 20-year low as it once again refused to act in the face of rising inflation. Sweden's central bank started a long cycle of rate hikes however. The standoff between Europe and Russia over gas deliveries deepened, as Italy's Eni buckled to Kremlin pressure to pay in rubles. Here's what you need to know in financial markets on Thursday, 28th April. | | |  | | | | | | | |
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