Financial Market Preview - Friday 10-May
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Description
US futures are pointing to a higher open today. European equity markets have opened in the positive territory, following mostly higher levels in Asian markets. Renewed confidence in rate cuts has given rise to better risk sentiment in US. In UK, takeaways from yesterday's BoE decision highlight potential for June rate cut if inflation, wage growth continue to ease. Companies Mentioned: Kinetik Holdings, Exxon Mobil
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US equity futures are higher as of 05:00 ET. This follows weakness in Asia, while European equity markets are lower. The bond yield backup is in focus after markets responded to stronger-than-expected US PMIs that played into the good-news-is-bad-news dynamic. European PMIs were also stronger but...
Published 05/24/24
US futures are pointing to a higher open today. European equity markets have opened mostly in the positive territory, following mixed levels in Asian markets. May FOMC minutes noted disinflation likely to take longer than previously expected and discussion about maintaining current restrictive...
Published 05/23/24