Powell speaks at 11:00 AM ET
China red in a sea of green
- Hong Kong: Hang Seng closed down -1.40%
- China CSI 300 -0.29%
- Taiwan KOSPI +0.89%
- India Nifty 50 +0.42%
- Australia ASX +0.51%
- Japan Nikkei +0.03%
- All European bourses all in positive territory so far this morning
- US indices in positive territory so far in pre-market, USD -0.26%
Overnight Data/News
- China PBoC Sets Yuan Mid-Point At 7.0356 / Dollar VS Last Close 7.0370
- German PPI (M/M) Apr: 0.3% (est -0.5%; prevR -1.4%) – German PPI (Y/Y) Apr: 4.1% (est 4.3%; prevR 6.7%)
- Swedish Industry Capacity (Q/Q) Q1: 90.6% (prev 90.1%)
- China Considers Moving Stakes In Bad Banks To Sovereign Wealth Fund – BBG
- Volatility Jumps As Investors Caught Off Guard By Nikkei Rally – BBG
- China’s Major State-Owned Banks Seen Swapping Yuan For Dollars In Onshore FX Forwards Market – Currency Traders Cited By RTRS
- ECB Steps Up Scrutiny Of Bank Liquidity, May Raise Requirements – BBG
- UK Consumer Confidence Rises To Highest Level In More Than A Year – FT
- BoJ Gov Ueda: BoJ Will Continue Easing With Yield Curve Control
- BofA: OPEC Is Likely To Take More Barrels Out Of The Market
- BofA Strategist Says Sell US Stocks As AI Seen Forming A Bubble – BBG
- ECB’s Lagarde: We Are Heading Towards More Delicate Decisions Going Forward
- Libya’s Oil Chief Sees Output Hitting Decade High By Year End – BBG
- China $10 Billion Property Bond Defaults Are Just Around the Corner
- Investment Flows to US Sustainable Funds
US DATA TODAY
