Qualcomm (QCOM.O) opened up 7.8%, its biggest gain since November 2022.

The Nasdaq rose 1% in early trading as popular technology stocks strengthened. Tesla (TSLA.O) rose 2.5%, Nvidia (NVDA.O) rose 2.5%, Apple (AAPL.O) rose 1.6%, and Arm (ARM.O) rose 5%.

Market news: UBS Group is seeking to cut costs by at least $300 million.

Xpeng Motors (XPEV.N) rose 10% in early trading.

Ukrainian Deputy Minister: Ukraine may reduce sugar planting area by 20% due to overproduction of sugar.

Ukrainian Deputy Minister: Ukraine hopes to increase sugar exports to Asia, the Middle East and West Africa.

ICE Arabica coffee futures fell more than 3% to $2.0770 a pound.

COMEX gold futures fell below $2,300 an ounce, down 0.49% on the day.

Bank of Canada Governor Macklem: (When asked when interest rates will be lowered) reiterated that the central bank is seeking assurances that the recent downward trend in underlying inflation will continue.

Brazilian real appreciates 1.2% against the dollar

Bank of Canada Governor Macklem: The interest rate gap between the United States and Canada is limited, and we are not close to that limit yet.

Apple (AAPL.O) rose 1.7% in premarket trading as the Washington Post said Cook will talk about new AI features next week.

The US dollar index DXY fell 17 points in the short term and is now at 105.59.

According to the Washington Post: Apple (AAPL.O) CEO Tim Cook is expected to hint at new artificial intelligence features next week.

The Czech National Bank cut its key interest rate by 50 basis points to 5.25%, in line with expectations.

U.S. stock index futures fell slightly after the release of initial jobless claims data.

U.S. exports in March were $257.6 billion, compared with $263 billion in the previous month.