Global Markets Weekly Update - April 24, 2026
U.S. Market Overview
Most major U.S. stock indexes finished the week higher, with several reaching record highs. Positive economic data, strength in AI-linked stocks, and upbeat earnings results helped offset uncertainty surrounding the U.S.-Iran conflict. The Nasdaq Composite led gains, while the Dow Jones Industrial Average saw a decline.
U.S. retail sales increased by 1.7% in March, the strongest monthly rise since early 2023, driven by a surge in gas station sales. Consumer sentiment dipped, with the University of Michigan's index falling to 49.8, reflecting inflation concerns.
Corporate Earnings and Economic Indicators
Nearly 20% of S&P 500 companies reported earnings, with 84% beating estimates and a year-over-year earnings growth rate of 15.1%. The S&P Global Flash PMI indicated a modest rebound in business activity, although inflation pressures rose, with output prices increasing at the fastest rate in nearly four years.
European Market Insights
The pan-European STOXX Europe 600 Index fell by 2.54%, with defensive sectors outperforming amid geopolitical risks. Germany's Ifo Business Climate Index dropped to its lowest level since May 2020, while French consumer confidence also declined sharply.
Japan's Economic Landscape
Japan's stock markets showed mixed results, with the Nikkei 225 gaining 2.12%. Consumer inflation rose to 1.8% year-over-year, influenced by higher energy costs. The Bank of Japan is expected to maintain a cautious stance on interest rates amid rising inflation risks.
China's Market Stability
Mainland equities remained stable, with the CSI 300 Index rising 0.86%. The People's Bank of China held its benchmark lending rates steady, signaling confidence in growth despite external risks. President Xi Jinping called for a ceasefire in the Middle East to reopen the Strait of Hormuz.
Other Key Markets
In Romania, political instability emerged as the government entered a minority status, raising concerns over fiscal reforms. In Türkiye, the central bank held rates steady at 37% amid rising inflation risks linked to the Middle East conflict.