NEWS

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Wells Fargo reported better than expected Q1 earnings before the bell on Wednesday after JPMorgan and Goldman Sachs. $WFC results were helped by a net benefit of $1.05 billion from reserve releases. Shares of the bank rose 5.5%

JPMorgan Chase, America's largest bank reported better than expected first quarter earnings Wednesday before the open. Revenue of $33.12 billion exceeded expected $30.52 billion driven by the $JPM’s trading $1.8 billion more revenue than analysts had expected. Goldman Sachs,  and Wells Fargo also report Wednesday.

Danaher is a name not often linked to the Coronavirus vaccine industry. In fact DHR has been entrenched in the development of COVID-19 vaccines and therapeutics through its $21.4 bln acquisition of Cytiva last March and raised its Q1 guidance to the high end. 

The OPEC Monthly Oil Market Report (MOMR) for April released Tuesday provides OPEC's outlook for crude oil market developments for the coming year with key developments impacting oil market trends in world oil demand and supply.

US March CPI +2.6% annual inflation rate, slightly higher than expected +2.5%, up from 1.7% in February but the highest reading since August of 2018 with main upward pressure coming from energy +13.2% vs 3.7% in February including gasoline +22.5% vs 1.6% prior.

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