To The Moon

* Global stocks end lower on mixed market sentiment

🇺🇸 S&P 500: 0.00% 📉

🇺🇸 Nasdaq: -0.18% 📉

🇪🇺 Stoxx 600: 0.36% 📈

🇯🇵 Nikkei 225 Index: -1.63% 📉

🇭🇰 Hang Seng Index: -0.89% 📉

🇨🇳 CSI 300 Index: -0.79% 📉

* U.S. stocks traded sideways, with the S&P 500 ending almost unchanged, while the Nasdaq Composite fell -0.2%, led by tech giants such as Tesla and Intel, while U.S. 10-year Treasury yields rose 3 basis points to 4.49%.

* European shares, led by the Stoxx 600, rose 0.3% to hit a one-month high, as investors remained optimistic about the prospect of lower interest rates and closely watched corporate earnings reports.

* Asia-Pacific stocks were broadly lower, with the Nikkei 225 down -1.6% as disappointing earnings reports from major companies weighed on sentiment, while the Hang Seng fell -0.9% ahead of Chinese trade data.

💡 Future events: 💡

* U.S. unemployment benefits applications and new Chinese yuan loans will be announced on Thursday.

* Investors will focus on Friday's preliminary U.S. University of Michigan consumer confidence index and inflation expectations.

💡 Things you need to know today: 💡

1. Nintendo $Nintendo Co., Ltd.(NTDOY)$  announced a record net profit for the fiscal year ending in March. Although it benefited from the depreciation of the yen and the box office sales of "Super Mario Bros. Movie," the company expects a net profit for the fiscal year starting in April. Profits will fall on weaker console and software sales.

Nintendo Switch

2. According to Reuters, U.S. prosecutors are examining whether Tesla $Tesla Motors(TSLA)$   committed securities or wire fraud by misleading investors and consumers about the autonomous driving capabilities of its electric vehicles.

3. According to Reuters, the Biden administration is seeking to step up efforts to protect U.S. artificial intelligence from China, with initial plans to restrict the export of proprietary or closed-source artificial intelligence models whose software and training data are kept confidential. .

Biden

4. Chipmaker Intel $Intel(INTC)$  Corp. warned that the U.S. Commerce Department's move to revoke its license to export certain consumer-related products to Chinese customers will affect its revenue in the second quarter of 2024, and its shares fell -2.2 on Wednesday. %.

Intel

5. Data from the China Academy of Communications Technology (CAICT) shows that after Apple's series of price cuts, iPhone shipments in China increased by 12% year-on-year in March to 3.75 million units.

Apple iPhone

✅ KEY TAKEAWAYS:

Amid slowing job growth and persistent U.S. inflation, investors will now turn their attention to earnings releases in the coming weeks from retail giants such as Walmart $Wal-Mart(WMT)$  and Target $Target(TGT)$  to gauge the strength of consumer spending.

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