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German IFO Business Climate arrives lower at 84.4 in April vs. 85.5 estimates

German IFO Institute's Business Climate Index deteriorates at a faster-than-expected pace to 84.4 in April. The sentiment data was expected to arrive at 85.5, down from 86.3 in March revised lower from 86.4.

Market reaction

A slight selling pressure is seen in the Euro (EUR) after the sentiment data release.

Equities: Earnings resilience and oil risk – BNY

BNY’s Bob Savage notes that Q1 S&P 500 earnings are strong but upside versus expectations is modest, with uneven Q2 and full‑year guidance. Sector leadership is concentrated in semiconductors, AI-linked names and parts of energy, while defense lags.
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Forex Today: Middle East uncertainty keeps volatility contained

Here is what you need to know on Friday, April 24:
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