Analyst
Global equities trade lower ahead of key earnings day of current earnings season
Today is the biggest day (by market capitalization) and the most important so far of the current earnings season.
The week remains busy for economic data and earnings reports, including US GDP data and the Fed's preferred inflation gauge
European stocks decline amid mixed earnings reports from major companies; Wall Street trades lower in pre-market trading.
Companies like UBS and Banco Santander shares drop after disappointing results, while Nestle, Kuehne + Nagel, Novartis, and ABB were able to after beating expectations
Markets await earnings reports from major tech companies such as Microsoft and Google to gauge the health of the tech sector; investors are (according to Robert: too) optimistic about the earnings of major tech companies, which have performed very well this year: Microsoft +17.5% YTD, Alphabet +20.3% YTD.
Financials slide as First Republic Bank's earnings results spark renewed concerns for banking sector
10-year Treasury yields experience significant one-day decline; markets price in peak for US interest rates in as early as June
CBOE VIX index which measures volatility is near 17-month low, but experts advise caution as low volatility may give false sense of calm
Chinese shares fall despite better-than-expected data; investor sentiment remains low due to soft corporate earnings and guidance
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