Headlines: US futures keep more muted awaiting big day ahead Big day coming up on the earnings calendar in Wall Street Gold extends the losses amid US-Iran stalemate, hawkish central banks.
Headlines: US futures keep more muted awaiting big day ahead Big day coming up on the earnings calendar in Wall Street Gold extends the losses amid US-Iran stalemate, hawkish central banks. What’s next?
Fed preview: focus on Powell’s final press conference as no policy change is expected German states see slight uptick in headline inflation for April Spain April preliminary CPI +3.2% vs +3.4% y/y expected Euro area economic climate worsens further in April as inflation expectations jump Markets: WTI crude breaks $100 mark, up 3.3% to $103.20 S&P 500 futures up 0.1%, European indices down 0.2% to 0.5% USD steady, NZD lags on the day US 10-year yields up 0.8 bps to 4.361% Gold down 0.5% to $4,571 Bitcoin up 1.5% to $77,609 It was another tense session in Europe today as markets continue to be gripped awaiting further US-Iran developments. US president Trump warned of an “indefinite blockade” yesterday and told Iran to “get smart soon” overnight. Otherwise, he said that there will be “no more Mr.
Nice Guy” with this picture of him attached to his tweet (yes, this is not a joke): Oil prices continue to ramp higher with WTI crude now firmly breaking the $100 mark on the day. We’re seeing price go up by over 3% to $103.20, as fear continues to grow that the stalemate on the Strait of Hormuz will play out for longer. Meanwhile, “front-month” Brent crude i.e.