📆 Monday, May 27
► European equity futures were flat today as investors remain cautious ahead of this week’s economic data releases. The Stoxx 600 index saw little movement, reflecting a wait-and-see approach from investors and overall thin trading. The ECB is widely expected to cut rates for the first time since concluding an unprecedented tightening campaign at its June meeting.
► In the US, all major stock markets are closed for Memorial Day, providing a break after strong economic data influenced investor sentiment last week. US stock futures remained steady, showing little movement. The USD weakened slightly on Monday after gains in the previous week. US officials are moving toward a pivot at a slower pace, with Fed Chair Jerome Powell stressing the need for more evidence that inflation is on a sustained path to their 2% goal before cutting the policy benchmark. Investors are closely watching for the PCE price index report later this week, which is expected to provide clues on the Federal Reserve’s next steps regarding monetary policy. The Fed’s favorite measure of underlying inflation is due Friday and may indicate a cooling in price pressures, bolstering hopes for a rate cut.
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