📆 Tuesday, June 11
► After a turbulent day in which increased political risks affected European assets and the euro, calm returned to the European markets. The EUR tries to recover and steadied after hitting a one-month low. The Stoxx 600 is flat while French bonds stabilized following Monday's spike in 10-year yields. Société Générale continued to see losses amid reports of challenges in selling its securities services unit. Additionally, the UK's unemployment rate rose to 4.4% in April from 4.3% in March, slightly above consensus estimates. Investors are now turning their attention to the US inflation data and the Federal Reserve’s interest rate decision expected on Wednesday.
► Wall Street's major indexes ended slightly higher on Monday, with the S&P 500 closing at a new record closing. US stock futures remained mostly unchanged as investors await the Federal Reserve’s policy decision and the latest US consumer price data. The FED is widely expected to keep borrowing costs on hold, but there’s less certainty on officials’ rate projections. In corporate news, Nvidia began trading post a 10-for-one stock split. Apple's shares sank after unveiling AI features with didn't impressive investors, with suppliers also dropping. However, Apple's focus on data protection when implementing further AI functions is the right way to go, according to our chief analyst Robert Lindner. Elon Musk nevertheless mentioned that he would ban Apple devices from his companies if AI software is integrated at operating system level.
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