Plenty of newsflow today as everyone is looking to make it through to NFP and then the pub (or is that just me??)
Before The Bell: Wall Street stock index futures rose after better-than-expected financial results from Apple boosted the mood of investors.
European shares ticked up as the European Central Bank's smaller rate hike, and market-beating results from Adidas raised investor sentiment.
In Asian equities, Mainland Chinese shares declined, dragged down by artificial intelligence-related companies.
Oil prices scaled up despite fears of a weakening U.S. economy and slowing Chinese demand.
Gold prices drifted lower from near-record highs.
The dollar softened as banking sector woes added to talk of U.S. rate cuts later this year.
Investors will keep a close watch on the April's non-farm payrolls report, scheduled for release later in the day.
- Global equity funds see biggest weekly outflow in five weeks
- @Newsquawk US Market Open: Sentiment steadies, stocks firmer post AAPL & pre-NFP/Fed speak
- UBS raises expectations for ECB's terminal rate; SocGen sees it peaking at 4%
- Global copper smelting slides to two-year low in April -satellite data
- SNB's Chairman Jordan: We cannot exclude further tightening of monetary policy.
- Eurozone Retail Sales YoY (Mar) Act: -3.8% Prev: -3% Fcst: -3.1%
- Tesla's April sales of China-made EVs down 14.7% from March
- Russian mercenary chief Prigozhin says his forces will leave Bakhmut next week
- 🇬🇧 UK Construction PMI (Apr) $GBP Actual: 51.1 🟢 Expected: 51.0 Previous: 50.7
- Euro zone companies are slowing price hikes - ECB poll
- Euro zone inflation could hold above target -ECB survey
- 🇮🇹 Italian Retail Sales (YoY) (Mar) $EUR Actual: 5.8% 🟢 Expected: 4.4% Previous: 5.8%
- Russia Accumulated Billions Of Rupees, Now Needs To Convert Them Into Other Currencies
- Markets price more than 70% chance BoE raises rates to 4.5% on May 11 and >5% by year-end.
- 🇪🇺 Eurozone IHS S&P Global Construction PMI (MoM) (Apr) Actual: 45.2 Previous: 45.0
- 🇫🇷 French IHS S&P Global Construction PMI (MoM) (Apr) $EUR Actual: 46.0 Previous: 45.3
- 🇩🇪 German IHS S&P Global Construction PMI (Apr) $EUR Actual: 42.0 Previous: 42.9
- 🇪🇸 Spanish Industrial Production (YoY): Actual: 4.5% 🟢 Expected: -0.1% Previous: 0.1%
- Bain Capital nearing final close of Asia fund worth $6 billion
- 🇫🇷 French Industrial Production (MoM): Actual: -1.1% 🔴 Expected: -0.3% Previous: 1.4%
- Global gold demand fell in the first quarter of 2023, WGC says
- 🇨🇠CPI (YoY) (Apr) $CHF Actual: 2.6% Expected: 2.8% Previous: 2.9%
- ECB's Villeroy De Galhau: There Will Likely Be Several More Hikes
- 🇩🇪 German Factory Orders (MoM) (Mar) Actual: -10.7% Expected: -2.2% Previous: 4.8%
- @Newsquawk's Europe Market Open: Bank-related headwinds in focus ahead of US NFP
- An earthquake with a magnitude of 6.3 occurred near Noto, Ishikawa Prefecture
- 🇨🇠Unemployment Rate s.a. (Apr): Actual: 1.9% Expected: 1.9% Previous: 1.9%
- JPMorgan's Dimon to visit mainland China for first time in 4 years
