After a mixed start to the week, U.S. stocks rally on Tuesday as risk appetite recovers on encouraging corporate earnings and signs that the economy remains resilient.

Netflix stock plunged over 20% in after-hours trading after its Q1 earnings report crossed the wires, showing a huge miss in subscriber growth.

The Fed hiking interest rates likely won’t have a big impact on the current values of homes in the US, or inflation-causing supply chain constraints.

Dismal growth forecast weighs on sentiment as the conflict between Russia and Ukraine intensifies. EUR/USD pauses while DAX prices edge lower.

Both the Bank of England and European Central Bank are slow walking their fight against high inflation pressures.

EUR/USD ekes out tiny gain on Tuesday, but its advance is limited by rising US yields and concerns about the Euro Area outlook after the IMF downgrades its 2022 GDP forecast for the region.

The IMF released its Global Financial Stability Report on Tuesday, which highlighted the war in Ukraine as a threat to the global financial system.

The IMF sees further risks to the Ukraine conflict and inflation, resulting in lower growth forecasts for the global economy. Inflation forecasts revised upwards.