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European markets dropped sharply, as virus concerns outweighed a solid corporate earnings season. Small caps were worse hit followed by tech with risk unwind. 

Investors were comfortable with buying the dip, particularly in economy re-opening plays like Airlines and Cruise Liners which were sold-off heavily earlier. Materials, energy & financials sectors outperformed.

However, the market turned sour after Biden announced plans to almost double capital gains tax rates for wealthy Americans.

Global markets were higher on Friday (S&P 500 index +0.4%) as US stocks climbed to new highs.

Global markets were lower overnight (S&P 500 index -0.5%) as US stocks slipped from record highs, with technology and consumer discretionary stocks the major drag in the session.

Global markets were higher overnight, with the S&P 500 index climbing +1.1% to hit all time highs as earnings season kicks off to a good start. There was a further boost driven by a jump in US retail sales for the month of March which was up +9.8% (ahead

Global markets were mixed overnight (S&P 500 index -0.4%) with US equities pulling back from record highs as technology and consumer discretionary stocks sold off, offset by a gain in financials after strong initial results from several big US banks.

Global markets were lower overnight (S&P 500 index -0.8%) as investors took a more cautious tone heading into the upcoming corporate earnings season and a key inflation report later this week.

Global markets were higher overnight (S&P 500 index +0.3%) with US equities reaching record highs after March inflation numbers turned out to be not as bad as feared, and as markets shrugged off concerns surrounding a pause in the Johnson & Johnson vaccin