📆 Monday, May 20
► European stocks remained steady with the Stoxx Europe 600 Index showing minimal movement (+0.1%). The mining sector provided some support as prices for copper and gold hit all-time highs. Conversely, the automotive and technology sectors lagged. Key developments included a 3.8% Y/Y rise in Italy’s construction output for March. Germany’s 10-year yield increased by 1 basis point to 2.53%, and the UK’s 10-year yield also rose by 1 basis point to 4.14%. All in all, it was a very quiet start to the week for European stocks.
► In the US, stock futures edged higher with the Dow Jones Industrial Average closing above 40,000 for the first time last Friday. The S&P 500 and Nasdaq 100 futures also posted slight gains. Investors remain focused on interest rates and inflation, looking forward to comments from several Federal Reserve officials this week. The 10-year Treasury yield remained steady at 4.42%.
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