📆 Thursday, May 16
► The Stoxx 600 Index remained stable, hovering near record highs, reflecting a cautious optimism in the market following the latest U.S. inflation data which suggested the Federal Reserve might cut interest rates later this year. In individual stock movements, Ubisoft faced a slump due to potential margin pressures, while Siemens dropped amid decreasing demand in China.
► Wall Street looks set to extend yesterday's strong gains. Futures are pointing to a positive opening after the S&P 500 and Nasdaq 100 closed at record levels. The positive market mood was supported by US CPI figures aligning with expectations, which helped alleviate fears of entrenched inflation. Data on retail sales indicated a weakening of robust consumer demand. Analysts point to the mix of slowing growth and softer inflation as ideal for equity markets, hinting at appetizing conditions for investors due to potential lower future rates. The Fed's current stance remains cautious, with Minneapolis Fed President Neel Kashkari emphasizing the need to maintain current rates. Upcoming U.S. unemployment data and several Federal Reserve speeches are expected to provide further cues on the economic outlook.
► Asian stocks showed mixed results; Japan's Nikkei rose significantly despite disappointing GDP figures showing a contraction greater than expected due to weak consumer spending. Chinese stocks were stable with anticipation high for upcoming economic data releases tomorrow.
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