Financial News

Year-ahead inflation expectations increased from 6.5% to 6.6%.

PCE inflation cooled to 2.1% in April, boosting Fed rate pause bets. Traders eye stable policy as disinflation and easing demand reshape outlooks.

Natural gas prices remain under pressure as traders react to the EIA report.

US court halts Trump’s Liberation Day tariffs. Legal blow to Trump’s trade war strategy raises questions over prior tariffs on China.

Nvidia beats Q1 forecasts with strong AI chip sales, but export curbs to China hit guidance. Salesforce lifts 2026 outlook on rising AI cloud demand.

Fed wants more clarity on the outlooks for inflaton and economic activity.

Average 12-month inflation expectations declined from 7% in April to 6.5% in May.

Durable goods orders dropped 6.3% in April as transportation fell 17%. Core demand held steady, offering traders a mixed signal for manufacturing stocks.

Moody’s holds China’s A1 rating amid trade war, but warns prolonged tensions may trigger a downgrade.

U.S. new home sales surged 10.9% in April, signaling strong demand. Traders eye bullish signals for homebuilders and possible Fed policy implications.

Portugal likely faces another minority government after an inconclusive snap parliamentary election, which risks complicating policy making, including fiscal and economic reforms.

UK retail sales surprise in April, fueling inflation concerns and complicating BoE rate cut bets.

Natural gas storage rose 120 Bcf, topping forecasts. With weak demand and strong supply, traders face renewed pressure ahead of summer cooling season.

US Flash PMIs beat forecasts as tariffs fuel inflation. Manufacturing and services rise to 52.3, but soaring prices raise Fed policy tightening risks.

U.S. jobless claims dipped to 227K, below forecasts, but rising continuing claims suggest growing labor market weakness traders can’t ignore.

US-China chip war simmers as trade, stimulus, and Fed policy influence global market sentiment.

EIA reports surprise crude inventory build and weak oil demand, shifting short-term crude oil outlook to bearish. Traders brace for further downside pressure.

Target cuts its full-year sales forecast as tariff pressures, weak spending, and backlash over DEI rollbacks weigh on performance and consumer sentiment.

UK inflation stays elevated, casting doubt on near-term rate cuts. Traders now await retail sales to gauge BoE direction as GBP/USD reacts to inflation data.

Without substantive corrective fiscal measures, the US general government debt ratio will reach 133% of GDP by 2030, exceeding Scope forecasts for France (122%) and the UK (111%).