Lagarde reportedly has discussed cutting short ECB stint to head WEFECB reaffirms that Lagarde is determined to complete her term at the central bankSwiss government says further development on tariffs is still uncertainJapan autos facing big impact from US tariffs, says AkazawaEuro area consumers see higher near-term inflation expectations - ECB surveyGermany April import prices -1.7% vs -1.4% m/m expectedGermany May unemployment change 34k vs 10k expectedFrance Q1 final GDP +0.1% vs +0.1% q/q prelimUS MBA mortgage applications w.e. 23 May -1.2% vs -5.1% prior
Markets:
NZD leads, GBP lags on the dayEuropean equities lower; S&P 500 futures up 0.1%US 10-year yields up 1.9 bps to 4.453%Gold up 0.4% to $3,312.03WTI crude up 1.0% to $61.50Bitcoin down 0.6% to $108,929Other than that, there wasn't too much else as markets wait on fresh catalysts ahead of month-end trading.
In other markets, European indices are also looking more tepid today. The DAX is down 0.4% after having hit fresh record highs yesterday, with not much follow through for now. As for US futures, they are little changed but off the lows earlier in the day at least. The key risk event will only come after the market close in the form of Nvidia's earnings release. Speaking of which, I can't remember the last time Nvidia didn't disappoint investors so we'll see if they can keep that streak going.
In the bond market, yields are nudging back up a bit with the interesting part of this coming from a weak 40-year auction in Japan. That might be a signal that the recent bounce may have run its course with yields looking to move back up again.
This article was written by Justin Low at www.forexlive.com. Read More Details
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