VIX hits 6-month high, indices tumble on IG's 24-hour market, oil jumps after Israeli attack on Iran
According to two US officials, an Israeli missile hit Iran overnight, sending oil prices up and indices down on the IG 24-hour market.
Indices
According to two US officials, an Israeli missile hit Iran overnight, sending oil prices up and indices down on the IG-hour market. The volatility index set a fresh six-month high.
Japanese CPI
In Japan, headline consumer price index (CPI) fell to 2.7% in March year-on-yeat (YoY), as expected. The core index, which excludes food costs, rose 2.6%, down from 2.8% the previous month. The core-core index, which excludes food and energy, fell below 3% for the first time in over a year.
UK retail sales
UK retail sales stayed flat in March month-over-month (MoM) but fell by 0.3% excluding fuel. In Germany, the producer price index rose by 0.2% in March MoM.
Netflix
Netflix shares fell 5.25% in extended trading after its revenue outlook missed analysts' expectations. Q1 top and bottom lines came in better than forecast, though. Revenue rose 14.8% to $9.37 billion, More than forecast. earnings per share (EPS) rose to $5.28, largely beating the $4.51 anticipated. Netflix added 9.3 million new customers in the period, nearly double the consensus forecast, bringing its global total to 269.6 million at the end of March. Netflix will also stop reporting subscriber numbers each quarter in the first quarter of 2025. Three months ago, the group said that it was not considered a priority anymore as it preferred to focus on revenue growth and operating margin.
US earnings
Other US earnings expected today include Procter & Gamble, American Express, and SLB.
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