Julien Ponthus shows you a glimpse at tomorrow’s markets.

This is the last day of trading for April. Despite the spectacular Wall Street fireworks, it looks like this month has a bleak outlook. Especially with Asian shares at the brink of their worst month since March 2020 COVID-19 crash.

Even worse is the Nasdaq, which has suffered its largest losses since 2008’s financial crisis.

Amazon.com (NASDAQ) disappointed the market despite the excitement surrounding its earnings. Apple (NASDAQ) however, had disappointing news to share after the bell.

Lockdowns by COVID-19 snarl China’s production and demand. The iPhone maker also warned that Russia’s conflict with Russia could cause more sales problems in the fourth quarter.

The 2022 market has seen a horrible ride, with the stock losing approximately 10% and wiping out four trillion dollars of market capitalisation.

It’s difficult to overlook the dotcom bubble-flavored ‘irrational excess’ whiff surrounding Elon Musk’s $44 Billion cash deal for Twitter (NYSE), especially when social media reports revenue and ad revenues that were below expectations.

It’s been a lot of market movements lately that have left people puzzled. Although the dollar had its strongest month in 10 years and reached its highest point in 20-years, data revealed that the U.S. economic growth was unexpectedly lower in the first quarter.

With investors betting on a Federal Reserve meeting that will result in a 50-basis point increase in interest rates, an aggressive U.S. monetary tightening is likely to continue as the primary driving force of financial markets.

It is therefore not surprising that the warning issued by Japan’s Ministry of Finance did little to stop the dollar from rising above 130 yen, for the first time in 2002.

Not surprising, either, that the Euro, which was also hurt by Russia’s gas standoff, fell to a 5-year low of $1.04 despite 10-year German Bund Yields rising 10 basis points, and German inflation reaching its highest levels in 40 years.

The following are key developments which should give more direction to the markets Friday

Forecasts for the first quarter of 2009 are not accurate: French economic growth slows down in the first quarter

-BASF confirms its earnings guidance, but warns of risks

Below expectations -Danske Bank Q1 Net Profit

Annual general meeting of shareholders at Swiss National Bank

China will increase its support of a steady economy through policy