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US futures are indicating a slightly higher open as of 05:00 ET. European equity markets are softer in early trade, after Asian markets were largely mixed overnight. Aluminum is steady after hitting a 10-year high amid political unrest in Guinea, which spurred concerns over production. The Delta variant continues to drive discussions about the economic outlook, with Goldman Sachs downgrading its US growth forecast. Companies mentioned: Deutsche Telekom (DE:DTEGn), Tele2 (ST:TEL2b), SoftBank (T:9984), T-Mobile US (NASDAQ:TMUS), Nvidia (NASDAQ:NVDA).
Not much changed coming into May as elevated volatility appears to be the new norm and investors remain hesitant toward risk assets. The ongoing war in Ukraine, China’s Covid...
Powell promises continuous hikes till evidence of cooling inflation US retail sales increase, manufacturing output jumps Dollar recovered after recent weakness Key EventsGlobal...
SUN: French Presidential Election. MON: Chinese CPI/PPI, UK GDP. TUE: German ZEW, UK Jobs Data, US CPI. WED: RBNZ, China Trade, BoC. THU: BoK, ECB, US Retail Sales. FRI: Good...
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