📆 Monday, May 27
► European markets extended recent gains, building on momentum from Trump’s tariff delay and Japan’s unexpected move to stabilize its bond market. The Stoxx 600 added 0.5%, with sentiment staying positive despite some afternoon profit-taking. Germany’s DAX (+ 0.8%) remained the standout performer after a strong session yesterday reaching anew ATH. France’s CAC 40 rose 0.3%, and Italy’sFTSE MIB advanced 0.6%, driven by strength in autos and industrial exporters. French inflation came in lower than expectations at only 0.7% YoY (vs 0.9% expected) even negative MoM at -0.1% vs. 0.1% expected. UK markets opened today again after yesterday's bank holiday, with the FTSE 100 trading 1.0% higher. Optimism around transatlantic trade negotiations and the easing of global bond pressure supported positive equity sentiment.
► US futures jumped following Monday’s holiday break. The S&P 500 rose 1.4% and the Nasdaq 100 gained 1.6%, as markets welcomed Japan’s signals on reduced debt issuance. Tokyo’s finance ministry announced consultations over long-term debt supply, sparking a sharp decline in Japanese yields and a spillover rally in US Treasuries (10Y fell to 4.46% – down 5 basis points). Sentiment was further buoyed by news of the delay in tariffs on Friday (after US trading), although investors remain cautious ahead of key catalysts: PCE inflation data (Friday), several Fed speeches and Nvidia earnings tomorrow.
► Asian markets delivered mixed results. Japan’s Nikkei 225 climbed 0.5%, buoyed by declining domestic yields. South Korea’s Kospi fell 0.27%, and China’s CSI 300 slipped 0.54% despite an April uptick in industrial profits. Meanwhile, Hong Kong’s Hang Seng rose 0.43% on bargain buying. The broader MSCI Asia Pacific Index edged down 0.2%, weighed by losses in India (Nifty 50 -0.6%) and tech consolidation. Australia’s ASX 200 outperformed, up 0.56%, with support from mining and banking sectors.
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