All You Need To Know Going Into Trade On April 29

Asian stocks were steady Thursday after robust earnings from technology heavyweights and ahead of U.S. President Biden‘s first speech to Congress. The dollar slid further after the Federal Reserve signaled it’s not ready to consider scaling back policy support. Australias benchmark edged up. South Korea erased an earlier gain, with Samsung Electronics Co. dragging on the index despite first-quarter profit topping estimates.

The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Indexs performance in India, was little changed at 14,907.50, as of 7 a.m. Nasdaq 100 futures outperformed after Apple Inc. crushed revenue estimates and Facebook Inc. reported gains in sales and users.

Earlier, key U.S. stock benchmarks ended lower, with the S&P 500 Index failing to hold gains on Fed Chair Jerome Powell‘s assertion that asset purchases aren’t about to be trimmed.

Elsewhere, crude oil was stable after gaining on a confident demand outlook from OPEC+, despite the threat from Indias Covid-19 crisis.