UAE Quits OPEC Shaking Oil Market, US Consumer Confidence Surges, HSBC Turns Bullish on US Stocks

1. The United Arab Emirates announced it will leave OPEC and OPEC+ as of May 1st, causing WTI and Brent oil prices to drop sharply.
2. The U.S. Consumer Confidence Index for April surpassed expectations at 92.8 (consensus 89.0), indicating stronger economic sentiment.
3. HSBC upgraded U.S. equities to 'Overweight' from 'Neutral', signaling a bullish outlook for the American stock market.