ყოველკვირეული კაპიტალის ბაზრების მიმოხილვა

US equities finished higher, supported by resilient macro data, AI-driven momentum, and strong earnings. Nasdaq led gains, followed by S&P 500, while Dow declined. Nearly 20% of S&P 500 companies reported, with 84% beating estimates and earnings growth at 15.1% Y/Y, marking a sixth consecutive quarter of double-digit expansion. Retail sales rose 1.7% m/m in March, the strongest increase since early 2023, driven by a 15.5% surge in gas station sales, while control group sales rose 0.7%, indicating solid underlying demand. However, consumer sentiment weakened, with the University of Michigan index falling to 49.8, reflecting persistent uncertainty despite temporary improvement.

Macro data remained mixed, complicating policy direction. One-year inflation expectations rose to 4.7% from 3.8%, while long-term expectations reached 3.5%, the highest since Oct-25. S&P Global’s Composite PMI increased to 52.0, a three-month high, driven by manufacturing strength, although services demand remained soft. Price pressures intensified, with input costs and output prices rising at the fastest pace since mid-2022. Treasuries declined as yields rose across most maturities, while investment-grade and high-yield corporate bonds also fell but outperformed Treasuries.

European equities declined amid elevated geopolitical risk. STOXX Europe 600 fell 2.54%, with utilities and telecoms outperforming. Major indices weakened: DAX -2.32%, FTSE MIB -2.48%, CAC 40 -3.17%, and FTSE 100 -2.70%. Persistent Middle East tensions supported defensive sectors and weighed on broader market sentiment.