U.S. equities perked up with firmer Europe
U.S. equities perked up with firmer Europe in the wake of the dovish twist from the ECB and following another solid round of U.S. data to boot, even after hot trade rhetoric damaged Asian indices. The Dow is 100-points firmer and rising, S&P rallied 10-points and NASDAQ surged 29-points ahead of the opening clang. The Euro Stoxx 50 is 0.4% firmer, the German DAX gained 0.3% and peripherals are up as well. Japan's Nikkei tumbled about 1%, as did the HK Hang Seng and the China CSI 300 fell 0.4%. The dollar index meanwhile is 0.7% firmer near 94.16 as relative U.S.-European strengths and policy outlooks are reappraised, though Trump is mulling imposition of $50 B in tariffs on China as soon as Friday. Comcast made a $65 B counter offer for Fox assets, 20% over Disney's last price, following the court approval of ATT-Time Warner. Oracle slumped over 2% after a Nomura price target cut. Business inventories are on tap next for April.