May Flash News Today

The highlights will be the Eurozone Flash CPI and the US PCE reports.

The new week will kick off in a calmly manner, with US and UK markets closed on Monday. The economic calendar, however, will heat up heading into the weekend with the release of Eurozone CPI and US core PCE data- reports that could spark volatility.

The highlights will be the Eurozone wage growth data, the Flash PMIs and the US Jobless Claims.

Australia's PMI Manufacturing index stayed put at 48.0 in May, marking the joint-lowest reading since May 2020. On the other hand, PMI Services fell from 53.7 to 51.8, causing Composite PMI to decrease from 53.0 to 51.2. Highlighting the strong correlation between the pick-up in the services PMI, housing market, rising population growth, and job advertising, he concluded, "Last week's labour market data on employment and wages have bought the RBA some time, but the Flash PMIs high...

In today's quiet Asian session, forex markets have largely stayed within a narrow range, with minimal response to positive PMI data from Australia and Japan. Yen has seen a slight recovery but continues to be the weakest performer of the week, followed closely by Sterling and Dollar. On the flip side, New Zealand Dollar remains the leader, with Swiss Franc and Aussie following, while Canadian and Euro are mixed.

Forex markets have turned noticeably risk-off today, with Aussie and Kiwi showing broad-based declines. Despite Loonie holding strong, it is being outperformed by both Dollar and Yen. Meanwhile, European majors present a mixed picture, with Sterling lagging behind Euro and Swiss Franc.

Among our moves this week, we exited Union Pacific and Marvell Technology and added to McCormick & Co., the First Trust Nasdaq Cybersecurity ETF, and Nucor....ABNB

Here's how we're positioning to prevent damage to the portfolio.

ওই ছবিতে অভিনয়ের পরে মহমুদজ়াদার সঙ্গে যা যা ঘটেছিল, তা-ও হলিউডি ছবির গল্পের মতোই।

Posted 1 hour agoSharePrint Financial markets seem to be constantly recalibrating.  The economic data is expected to be volatile and that should support the Fed’s patient stance on waiting for enough data to make a clear assessment over pricing pressures and the strength of the labor market recovery. Inflation expectations are weighing on sentiment, but Treasury yields seem like they may be stuck in a holding pattern a little while longer.   The front end of the curve is not moving and sin...