Daily summary

Social network company Snap (NYSE: SNAP) is set to report financial results for the first quarter, after the market close today. The company is expected to post quarterly earnings of $0.17 per share and revenues are expected to be $1.04 billion.

The electric vehicle leader, Tesla Inc (NASDAQ: TSLA) is scheduled to announce first-quarter financial results on Wednesday, Apr 20 after market close. Consensus forecast EPS of $2.26 on revenue of $17.8 Billion.

The US dollar surged to its strongest level since March 2020 on Tuesday as geopolitical and inflation concerns boosted its safe-haven appeal. The currency pair received Additional buying pressure after the bullish comments from the Fed.

Today the attention in the markets remains focused on possible measures and changes that the European Central Bank may undertake in the April meeting to deal with rising inflation. The ECB Monetary Policy Statement is set to be released at 11:45 GMT.

First-quarter earnings season kicks off on Wednesday and the Investors will shift their attention to major US banks' earnings this week. The big bank JPMorgan (NYSE: JPM) is scheduled to release results on Wednesday.